5 ms·
This is probably wrong. IMHO what looks like has happened is there are a handful of HN-relevant companies had weak earning announcements yesterday[1] after mar
by tjpd 11y ago
This is probably wrong. IMHO what looks like has happened is there are a handful of HN-relevant companies had weak earning announcements yesterday[1] after market close, and that is coupled with a weaker US jobs report [2], [3] today. The overall market is off and there are a handful of major drops for the companies mentioned but this is not some public tech market panic event (yet).
That's not to say we're not due a correction.
[1]: http://biz.yahoo.com/research/earncal/20160204.html http://biz.yahoo.com/research/earncal/20160204.html
[2]: http://www.nytimes.com/2016/02/06/business/economy/jobs-report-unemployment-january-fed-interest-rates.html?_r=0 http://www.nytimes.com/2016/02/06/business/economy/jobs-repo...
[3]: http://www.reuters.com/article/us-global-markets-idUSKCN0VE01R http://www.reuters.com/article/us-global-markets-idUSKCN0VE0...
- Riod 11y agoJobs report was good so usd shot up because the case for looser monetary policy harder to make.
- smileysteve 11y ago> that is coupled with a weaker US jobs report Jim Cramer, et al are saying that it's the strength of the jobs report that is hurting. Because as long as unemployment is ~5% the Federal reserve might raise rates, opposed to if unemployment worsens, the fed might not.