How Does Jobs Data Impact Trading?
While most of us are intuitively aware of the impact that the monthly employment report has on the equity market, Mike Panzner delivers a graphic overview to puts it into perspective:
* divided by 100 for clarity
on the accompanying chart
Data
Overall Average
On Jobs Report Days
Absolute Net Change %
0.77%
0.99%
Intraday High-Low Range %
1.36%
1.61%
Up Days as a % of Total*
51.06%
56.62%
Includes data from 1/1/94 through the present
Source: Michael Panzner, Rabo Securities
>
(Kudos to Mike on getting mentioned in the WSJ's Ahead Of The Tape column this morn).
Friday, May 06, 2005 | 10:26 AM | Permalink
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