Friday with #hottakeoftheday’s David Ramsden Wood, or as his friends call him “DRW”.
Stocks rise moderately throughout the day, with bad jobs data spurning the notion of a new stimulus bill soon • S&P 500: 0.49% • Nasdaq: 0.50% • Dow Jones: 0.26% “The jobs number was particularly underwhelming as far fewer jobs were expected,” said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance. “Ultimately, the stock market is anticipating continuing healing in the economy and has been moving higher because of Federal stimulus, which arguably is the bigger story.” Crude Oil and Natural Gas News Crude prices cant be stopped as we see fresh yearly highs for crude, which is currently trading around $56.84. Natural gas prices stall amid recent huge bull runs as traders have priced many of the new in already. Natural gas currently trading at around $2.888. US Energy News • Liberty earnings • Chevron wants to buy Noble midstream • Rig counts +8 International Energy News • Russian pipeline update • Worlds largest battery