Monday Market Commentary

by Alex Stenback on April 9, 2007

April_5th
                                                         Graphic Courtesy MSNBC
Last Week
Friday’s Jobs report showed 180,000 jobs created last month and surpassed expectations by 30-50K (and also included more upward revisions of previous data) quickly sent rates up on Friday’s holiday shortened trading day (bond market closed at noon.)
This Week
A closer look at the underlying jobs data might reveal that it was not quite the blockbuster figure everyone was trading on – it was narrow, seasonal, and confined to a few sectors that don’t traditionally pay all that well (restaurants, health care, retail were the big gainers.) Look for the possibility that rates move back down once traders, back from the holiday weekend, parse the data further. Fed minutes hit the street Wed, and have the most market moving potential, but key inflation reports CPI and PPI (consumer and producer price indices, respectively) also bear watching.

This Week’s Economic Calendar After The Jump

April_913_07
Click Image For Larger Graphic

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