Today the US Job numbers dominated the market and its direction. The European markets closed solidly higher after the positive jobs report, but most commodities were beaten down all day. The US markets opened high in the beginning but closed near zero or negative in the end, because some index heavyweights pulled the index down.
Overall we close this week a little bit in the green, but we should see more movement in the next weeks going into the earnings season.
Here are a couple of links for you to enjoy over the weekend:
- U.S. Stocks Erase Gains as Optimism Over Jobs Data Fades
- Kyle Bass: Global Debt Growing Faster Than Population
- Gold Traders More Bullish as Holdings Reach Record
As promised, here is Part 2 of the three part BBC documentary “Masters of Money”, which in this part tells the story about Friedrich Hayek, for which we share lots of his philosophy: