Monday, January 9, 2017

Slowing Jobs: Stocks Need Trade Boost And Tax Reform: But How Much And When?

See Full Report

*Non-farm payrolls continued their slowing trend on Friday.

*Now with another rate hike this trend can continue lower.

*We see the market near a peak as investors may be overly optimistic for manufacturing jobs and tax cuts.

The all-important non-farm payrolls ("NFP") weakened as we expected on Friday. NFP came in at 156,000 versus our expectation of 160,000 but below the Street's 170,000. There is an important downtrend taking place in the jobs reports that is being ignored by the Street. We don't think coming trade or tax policies are going to help soon enough. Ultimately a jobs slowdown is a key economic ingredient that can hit markets (NYSEARCA:SPY).
NFP Slowing And Missed Estimates

PRO TRADER

  • Real time, signals, coaching, direction, analysis on the stock market, gold, oil, bonds, currencies, indexes and more.
  • If our above report was helpful click here for a free trial of Elazar's Pro Trader service on Seeking Alpha.
If you want Elazar's analysis on Seeking Alpha, scroll to the top of the article and hit "Follow." Elazar also writes real-time pieces as news is reported. If you want to be among the first updated check the box for "Real-time alerts on this author" under "Follow."
Disclaimer:
Portions of this article may have been issued in advance to premium subscribers. All investments have many risks and can lose principal in the short and long term. This article is for information purposes only. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC and their related parties harmless. Any trading strategy can lose money and any investor should understand the risks.





#in, $spy, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principal especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD ELAZAR ADVISORS, LLC AND ITS RELATED PARTIES HARMLESS