02 October 2015

SP 500 and NDX Futures Daily Charts - Bad News Is Good News, At Least Today

The economic news this week has been generally 'awful.'

At least I do not think awful is too extreme of an adjective, especially in light of the Non-Farm Payrolls report this morning which was much worse than anyone had expected, from top to bottom.

Less people are working less hours at less interesting jobs for less wages.

There is no sustainable recovery.  There can be none without meaningful reform.

This too shall pass.

Have a pleasant weekend.