Friday's Markets Update (Jan 6, 2023)

07 Jan 2023 by rate3

The Bureau of Labor hit markets this Friday by its Dec's Employment Situation report showing 3.5 percent unemployment rate - at the twelve-months' low and notably less than analytics expected (3.7). Predictably, at the end of the year, significant increases happened in Leisure and Hospitality (+67K jobs) but it didn't prevent markets of overreacting.

We have already seen most participants changing from trading positives as negatives to positive-positive game plan at the beginning of this week. At its closure it happened again with NASDAQ going from 10364 to 10569 (+2 percent, with Tesla gaining one percent) during day's session. BTC, however, lacked volumes and showed a smaller increase - from 16774 to 16897 (<1.0 percent, same time-frame).