Palpara Merchants

Substantive Finance

Looking to DNC for clues on market direction

Non farm payrolls report will be the first important piece of new info out since the lazy, news- devoid days of summer ended. I was looking to the President’s DNC speech tonight for clues to the NFP number. I got no good looks. If the number was going to be a good one, I have to trust POTUS would have hinted at it. NFP is likely to be an in line number, but I assign 75% odds that we expand higher out of the Bollinger Band Squeeze.

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