Futures Ignore Jobs Data
The stock market, which we know by the volatility, can't seem to figure out which data point to hang their shirts on. The market is ignoring manufacturing data, spending data, housing data and is now ignoring jobs data. Todays surge is based on a stronger data from Australia and China.
How much of China's/Australia's growth will be met by their own production or the production from country's OTHER THAN the U.S.? How much of the U.S. economy is based on exports to those two country's?
This is a suckers rally if ever their was one. A chance to close all your long positions if you haven't already done so.