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NFP Aprtil 1st 2011

NFP April 1st 2011
 
It would be funny if today's BLS played an April fools joke on the NFP release. Too bad that won't happen. 

The initial reaction has been dollar strength coming off the hour of the release. Whether or not this is sustainable is still questionable.

NFP numbers coming in at

  • 216,000+
  • and UE at 8.8%
 
Not gonna bother to break down the rest of the numbers (you can do that HERE).  Initial equity reaction via futures seems positive. I'm looking for continued dollar strength, S&P500 to stay below 1333 by close and oil to give back gains. 
 
 
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