Strong Job Number, Stock Future Up
U.S. nonfarm payrolls fell by an estimated 35,000 in September, the first decline in more than two years, the Labor Department said. The decline was much less than the 150,000 expected by Wall Street economists surveyed by MarketWatch.
In addition to the better-than-expected September results, payrolls in July and August were revised higher by a total of 77,000 jobs. Job growth has averaged 194,000 per month over the past year.
— MarketWatch
Street can’t decide which is better for the stock market. Strong economy number raise issues of inflation thus higher rate. Slower economy number may indicate corporate profit is slowing.
Strategy: Be defensive. Long on Food and Beverage, but be in one that provide expensive or cheap foods not in the middle.
It's not when you buy. It's when you sell!
