It's always of interest to this global readership when I write a report that people love. I know some of you are probably shaking your head saying to yourself I know something about the markets this week. It's going the way I want it because the Dow climbed up to 60.41 over Thursday,finished Friday with this upmarket. Thursday seen some worried investors trying to read the position that the Federal Central Bank might be taking on interest rates. This feelings of insecurity was mixing with corporate technology stocks,energy,construction,consumer goods,jobs factors in upward small markets movement through yesterday. Morning bell opened today on Wall Street with optimism that certain markets like energy,telecoms,oil,natural gas,utilities,tech stocks would push advancing issues over declaring issues by two to one market margins. Light sweet crude oil still factors into the herds mentality of bulls charging out of the starting gate with high excitement over oil prices coming into alignment with production quotas. That did effectively change the market underpins with a sketchy ups and narrow drops on the market charts. In studying the charts you will see market movement indicators with dips,plateaus,upward or downward moves on the charts. Good market people will watch,wait until charts show a clear buy or bail signals,then pull the trigger on their portfolios. All seasoned markets traders will scrutinize the data charts carefully before making any decision to buy or bail on portfolio investments. Having said that moving on to the rest of Friday in how the markets finally finished this week. Today investors got whacked with a double dose of pain starting with the Federal Jobs Report. When investors and business global got finished with drinking morning coffee,eating breakfast. The first picture of ugliness hit them with the Jobs Report shows that unemployment climbing up again which just added to the feelings of flat income earnings,possible return to long unemployment lines. Then just as people swallowed the first part of pain out comes Federal Central Bank with saying " Yes,we feel that a triple rate hike will jump start the economy spread over the separate increases". Banks,business and investors just felt " What's That? Your going to do what ? triple rate hike...what you totally lost your mind? Thanks Federal Central Bank you just clobbered me by remote control!! Now I got to figure out how I am going play it safe on all my business,real estate and investment portfolios without losing my shirt in the process. Now those Fed Bankers found new ingenious ways to take my money without every consulting me is the attitude on Wall Street and Main Street. Global people just watched in horror as again the Fed Bank proceeded to rip the rug out from under people. The Canadian markets shows the overall effects with it down average 10.25 points. American markets reached a difficult different conclusions with a nice upward moves. Asian markets went downhill skiing with average charts average out to be 79.10 .. European markets were up today unlike yesterday which seen a huge amount of volatility posted modest gains of average 19.25 points,that is available average it out on all the markets indexes combined. So,what's the new week going to bring in global markets and business? Actually a lot more bright spots to look forward to next week,when we get a new look at overall corporate earnings. Real estate going to weigh in with showing a modest increase in new homes construction. Pending buyer markets in home sales,more economic news from this Treasury on health of the economy going to be a factors. Expect that the first part of next week will be focused on these economic factors,which will push the global markets to go past the 20,000 overall markets volume for the first time from memory. The total market volume on the Dow achieved 19996.48.set a new volume record on the markets today. You'll see market reach euphoria when the markets go up past the 20,000 markers next week. So,this is my current analysis of the closing Friday report for this week on markets and business.
Everyone have a great weekend,see you on Monday when I do my critical analysis again.
H.E. UN Secretary General
John F Norton Jr.