Investing Adventures

The jobs report was released about 5 minutes ago and within that span, futures for the DJIA dropped from a positive 30 to a negative 100+, or a swing of almost 130 points. Non-farm payrolls rose by approximately 18k while the market was expecting gains of about 40-70k. Unemployment rose from 4.7% to 5%. From economics class back in high school, anything roughly under 6% I believe signals full employment for a country from a macro point of view but the rise in and of itself is never a good thing. Bond yields are dropping rapidly as big money is experiencing a flight to quality, a term used widely around the market. It’s setting up to be an ugly day so be very careful.