Thursday, October 1, 2015

FRIDAY 10/2/15; Monthly Jobs Report Paltry 142K Jobs; Factory Orders; US 10-Year Yield Under 2%; German Bund Under 0.50%. Fed Members Speak Including Vice Chairman Fischer; US Stocks Stage Dramatic Reversal Rally

China markets are closed on holiday. India markets are shut down to celebrate Gandhi’s birthday. Macau gaming revenue falls 




















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....FAANG stocks are mixed with Facebook and Apple lower. FB -0.8%. AAPL -3.8%. AMZN +1.6%. NFLX +3.8%. GOOGL +2.6%. Traders are tripping over each other to buy back into Netflix. ‘Google’ will begin trading under the name ‘Alphabet’ on Monday but the ticker symbols GOOGL and GOOG will not change.

After the weak jobs data, global market participants are increasingly worried that the US and world economies are much weaker than anyone realizes.

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