My favorite sector is back in the green again, but that’s only because the whole market is up 2%!
Continuous improvement in the JOB market (90k ADP, good ISM reading and nice CHINESE PMI)
Tomorrow we will get to see the unemployment claims. If it goes below 400k, then the market should see another 1% climb!
And Friday will be the non farm payroll day where investors want to see 150k gain in jobs. A surprise whisper number is 230k!
All in all, this is a good start of DECEMBER.
Shorters were surely taken out by surprise.
Expect more short covering to continue as some shorts are still in denial mode.
LVS continues to increase its share price as Singapore Marina Bay Sands have not failed to upset investors.
Here are some photos of Marina Bay Sands in Singapore
A real beauty.
Happy trading.
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