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Minyanville's T3 Morning Market Call: First Jobs Report of 2013 Solid, but Market Needs More Rest
US stock futures are slightly higher Friday morning following the first nonfarm payrolls number of 2013. The report revealed 115 000 jobs were created in December 5 000 more than expectations and unemployment rate remained steady at 7.8%. The numbers were solid but perhaps not enough to trigger another potent leg higher after an impressive start to 2013 for the market. Stocks may need another day or two of rest before we feel comfortable chasing new long positions. The Fed minutes yesterday brought a curveball revealing several voting members of the FOMC believe QE3 could be cut off by ...
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