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Jobs Report: Surprisingly Positive

Published 05/05/2013, 02:39 AM
Updated 05/14/2017, 06:45 AM
NWSA
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Today’s employment report is surprisingly positive. Many elements indicate a little stronger economic growth than the previous baseline projections. Revisions were positive. The details are available in press releases.

There is no need to recite them here.

We remain fully invested in US stocks. We favor higher-beta and growth-oriented stocks as opposed to defensive sectors. We broke above 1600 on the S&P 500 Index intraday on the announcement of the Labor Department’s news. The Dow is flirting with 15k. We think the US stock market is headed higher.

BY David R. Kotok

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