The job numbers in both U.S and Canada are stronger than expected. The market will pop up initially but will have to deal with higher interest rate sooner. Sometime what good for main street may not necessary good for Wall Street. High interest rate will be negative for utility stocks, positive for financial sectors (lower loan loss and high spread), slight positive for high tech industry and very negative for government financing.
Gold will drop today and I expect it to correct around 10%. It will be a good buy round 1080.
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