Stocks rose with the dollar and bond yields, as traders viewed the May jobs report as strong enough to signal continuing economic growth, but not so strong as to push the Fed toward a wind down of easing. The markets have been fixated on when the Fed will begin to slow down its bond purchases, and there's been a lot of volatile trading as Fed officials discussed "tapering" purchases in the past several weeks.
*Note... We'll have three more employment numbers before the Fed meets in September.
Greenspan: Taper Now, Even If Economy Isn't Ready --- "The sooner we come to grips with this excessive level of assets on the balance sheet of the Federal Reserve—that everybody agrees is excessive—the better,"
Dollar-Yen Shake-Out Could Just Be the Start: A day after the U.S. dollar suffered its largest one-day fall in three years against the yen, strategists say the wild currency moves may be far from over and much is dependent on Friday's key U.S. jobs report. READ
Economic growth in China slowed in May according to government reports released over the weekend. READ