The last day of the week is looking like it will be off to a positive start, but who is anybody kidding thinking that these moves will mean anything when we have one of the most anticipated jobs reports in months on the horizon?
Please click the link below to read today’s Bespoke Morning Lineup for our take on this morning’s encouraging pattern in European Industrial Goods sector as well as a closer look at what’s driving the weakness in German exports.
Ahead of this morning’s jobs report, we just wanted to take a quick look at market breadth to see where the S&P 500’s cumulative A/D line stands. By this measure at least, we still don’t see a whole lot of weakness underneath the service as the cumulative A/D line held up pretty well throughout the recent bout of selling and currently isn’t far off its highs from earlier in the year.
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