Friday’s strong job report was good news for the market.

Friday’s strong job report was good news for the market. The DJIA closed at 16020.20 and the S&P 500 at 1805.09. We saw a decline in the unemployment rate on Friday and this time it was due to people actually finding jobs and not discouraged workers exiting the labor force because they are tired of looking for a job! The overall sentiment is that the economy is doing better, but is not completely out of the hole just yet.  Approximately 1 million jobs were created in low wage sectors such as retail, leisure, hospitality, and certain healthcare sectors (home health care & nursing homes). Investors will continue to keep a close eye on economic data for any signals of the Fed pulling back on its stimulus. Economists expect the Fed to begin tapering in March 2014. The dollar is  currently down ~.1%  vs. basket of currencies. Gold along with AG,PT & PD are all trading on the upside this fine Monday morning. Have a great day!!