07 Mar Secure before tomorrow’s announcement
Stocks continue their push higher, no matter how unjustified it may seem. Initial Jobless Claims came in at 340,000, which was slightly lower than expected. However, the big report is tomorrow’s Labor Department Jobs report. Estimates are at 165,000, but the recent ADP and today’s better than expected figures may set investor’s expectations a bit higher. There are plenty for reasons for a pullback and stock market’s moves higher are starting to look a bit tepid. mortgage bonds are approaching the February lows, which was a support established last September as well. A lock before tomorrow’s announcement will protect you from the volatility.