Big big big jobs number…no way around it. Our favorite # was the 806,000 that have jumped back into the work force. Futures up VERY STRONG. The NDX will open at a new high…amazingly. Let’s hope the gap holds. We have seen a few too many reverse. Yes…they can reverse markets on best of news.
North Korea blinks. Don’t believe the media bull crap that this was to deflect from other issues. We are going to give the president kudos for scaring the crap out of the Rocket Man. If there is anything a dictator enjoys the most…it is breathing. We really believe the sanctions and the tough talk did the trick. That said…the meeting has not happened yet and North Korea has shown they will talk one game and do the other. We shall keep fingers crossed this time is different.
As expected, Toys R Us is going to go bye bye. Toy stocks not having a good morning.