Weekly Market Review 201227

Stocks ended on the negative territory this past holiday week resulted from the weak employment report. Even though ADP employment (176k vs. 100k est.), which measured in private nonfarm payrolls, came in a lot stronger than expected, the official nonfarm payrolls (80k vs. 100k est.) were still remaining below analysts' expectation, and the unemployment rate appeared no sign of job recovery (8.2% vs. 8.2% est.) in the past June. Money continued to move into the fixed income market, treasury yields closed lower across the curve as investors stayed with the defensive strategy. The FOMC minutes will be the major focus looking forward this Wednesday, as investors would like to hear how the Fed reacts on the employment data. Moreover, the unofficial second quarter corporate earnings will begin reporting this coming Monday, which will be another key market mover for stocks.

• Small cap stocks rallied ahead of earnings; Commodities remained strong but it is still trading under its bearish trend.
• Major stock indices made short-term local peak; The 50 day moving average will be the key supporting level to test whether we are heading for another bearish run.
• Offensive stocks traded lower post-holiday along with the weak economic releases; Defensive shares loosen its upside momentum.
• The longer term maturity yields fail to act as a continuation pause after a month of sideways movement.

read more at...
http://www.alpbeta.com/p/plus.html
or
http://plus.alpbeta.com/report/201227.pdf

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