Near term factors:
Long term factors:
After a grueling down day the market came out strong today. The jobs number released this morning surged by 312,000. Our new unemployment rate is 3.9% which is incredible. Confidence has come back with vengeance and will most likely continue into next week. Meanwhile, the government still remains shutdown and may add to the rally if it reopens in the near future.
So far, we are navigating out of a disconnected sell off that took place last month. Today's rally shows that investors recognize the disconnection in stock prices versus the fundamentals at hand. We have seen sharp rallies in the past that can surge just as fast as they came down. Look out, the bulls may trample the bears this January.
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