Monday, September 9, 2013
Fresh off Friday’s NFP data, and the first full weekend of NFL action, market participants return this morning with a shift in focus.
Fresh off Friday’s NFP data, and the first full weekend of NFL action,
market participants return this morning with a shift in focus. While
unemployment data last week kept the uncertainty of QE tapering alive,
the more pressing matter
of Syria takes center stage to start the week. The House and Senate
will continue to digest the mounting evidence in the case against the
Assad regime with the latter scheduled to vote as early as mid-week on
whether to allow a U.S. military strike against
Syrian targets. On top of that, investors will be gearing up for next
weeks Fed meeting as the debate on what Friday’s numbers really mean for
the future of the Feds current monetary policy. Just 169,000 jobs were
added in August with the unemployment rate
dropping to 7.3%, albeit from a reduction in the labor force
participation rate. Gold is the only one in the metals complex in
positive territory to begin the week. The yellow metal is trading just
.2% higher after closing last week at $1386.50. Have a great
day!
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