Global equity markets were higher Friday morning with China indicating that they will waive tariffs on some soybean and pork imports from the U.S. while a strong jobs number further rallied the markets before the open. This olive branch from China is the latest turn of events in the two-year trade war between the countries that has been causing havoc in the investor and business sectors. Today’s release of the jobs number by the Labor Department easily topped expectations. Economists were expecting a gain of 187,000 jobs while the actual number of 266,000 was announced.  Also, the unemployment rate dropped to 3.5% from October’s 3.6% number, matching a 50 year low. Wages also rose a strong 3.1% in November compared to the previous year.

Support today is checking in around 310500 and 309400 with resistance showing 312800 and 313800.

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Jeff Yasak

Senior Market Strategist
Since leaving the corporate world in 1995, Jeff has established a name for himself as a trusted financial advisor and trading advocate—leveraging his studies in finance from the University of Wisconsin-Madison and Loyola University, 25+ years of experience, and a passion for the industry to guide both novice and experienced traders in pursuit of achieving their own financial reward. Jeff began his career as a clerk in the S&P 500 pit at the Chicago Mercantile Exchange—fostering a deep interest in the options market that eventually drove him into the retail futures sector where he spent several years as a broker’s assistant before taking on clients of his own. Operating at the intersection of strategy and success, Jeff seeks to establish meaningful relationships with clients—synthesizing financial data and offering timely insight that informs critical decision-making surrounding money management and trading activities. Well-versed in the futures, securities, equities, and indices markets, Jeff is uniquely positioned to direct his clients to success. With a carefully cultivated combination of experience and expertise, he is able to connect with clients to better understand their goals and offer sound financial guidance that delivers notable bottom-line results.
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