Market’s Delayed Reaction to the Jobs Report – Ep. 69

* Markets are finally getting a chance to react to worst jobs report in two years

* March non-farm payrolls coming in at about half of forecast

* Dollar was off about 1% on FOREX

* Stock futures were down on opening bell but shot 100 points higher

* "Bad News is Good News" rally

* CNBC thinks jobs takes June rate hike is off the table - but it was never on the table in the first place

* The Fed will not be serving a September rate hike either

* It's going to be an all you can eat "QE Buffet"

* The dollar should have sold off more, but the bull market persists

* Currency traders are using circular logic about the strong dollar

* The dollar is rising for the same reason that the economy is slowing - the Fed has suspended QE and higher rates are expected

* The effects of a strong currency should build over time

* When the dollar uptrend ends, it will be a collapse because there are so many people on the wrong side of the trade

* March ISM Non-Manufacturing Index slipped more than expected - lowest since June 2014, a two-year low

* Monday WSJ article said that if Fed is worried to raise rates even a quarter of a point, then the U.S. Economy is not as strong as everyone thinks

* If the Fed really believes the economy is strong, they would have already raised rates

* Continued low interest rates indicate the Fed does not believe the economy is strong.

* Crude Oil continues to rebound - above $53/barrel

* If we close above $54, the market should see move up to mid $70's

* Higher oil prices will start to hurt consumers


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