The big news on Friday was a lower than anticipated non-farm payroll number and an adjusting lower of the numbers for July and August. All of this investors figured, will keep the Federal Reserve on hold for the remainder of the year on any further interest rate increases. This assisted the markets in moving higher. Bond traders however showed with their purchases that they believe the Fed will raise rates by September and the dollar rose throughout the day on Friday in anticipation of higher interest rates.
By the close of trading on Friday, the three major indexes posted gains for the second week in a row and squeezed out a gain for the month of August.
Tonight’s Stock Market Outlook is longer than usual as I also review the past week and look at Tuesday as well as the rest of the week and discuss further changes in the Market Protection Outlook for the first week of September.
Here is the outlook for the S&P and NASDAQ indexes for Tuesday Sep 5 2017 as viewed by the advance decline numbers from the close of trading on Friday Sep 1 2017.
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Advance Decline Numbers Outlook For Sep 5 2017
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