Thursday’s losses on inflation worries were reversed by a positive jobs report on Friday. 379K jobs added in February raised investors’ hopes of an economic rebound in 2021. Last week’s decline in Treasury yields was also checked with a +1.62% gain on Friday. At the day’s end, the Dow posted 572 points and the NASDAQ rose 1.6% to close at $12,920; $SPY session close was $383.95 (+0.08%) and the QQQ at $309.1 (+0.14%). So far, Q1 of 2021 is turning out to be quite the roller-coaster ride indeed.
Don’t forget Season 3, Episode 9 of the “Stock Trading Pit” on this Sunday at 6 PM (EST) with special guests, Jack From Alphacharts365 (Advice for Traders) and Rob Smith (Pioneer of “The Strat” Method).