Friday July 7, we got the non-farm payroll numbers and they were far stronger than expected coming in at 222,000 new jobs versus an anticipated 179,000. The unemployment rate was little unchanged at 4.4 percent which remains the lowest in decades.
Although the numbers pointed to an increase in the likelihood of another rise in interest rates by the Fed, investors decided by the noon hour that the numbers point to a stronger than expected economy. For the remainder of the day the S&P clung to the 2425 level.
Here are the Market Breadth Indicator figures from the close on Fri July 7 2017 including the review of the first week of July.
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