Jobs

It was the job's report on Friday that set the market downward. December's unemployment hit 5%. That's not good. It doesn't bode well and can be an indicator of stagnant growth at best.

I would guess that during the holidays there should have been more jobs available, especially in retail. It also seems early to have confirmed unemployment for a month that just ended. It's probably based on unemployment claims received or unemployment payouts.

Bob Brinker predicts no growth until the third quarter of the year. If you are interested in his indicators, you can check out his website at bobbrinker.com.

He's on the radio again this afternoon at 3pm central time.

'til later