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Investors are a little unsure how the markets are going to sway as the week continues. It has been mixed and recent reports do little to skew one’s perspective too far in any specific direction. ADP reported this week that private sector employers are adding jobs, more jobs than we had originally expected. On the flip side however, is the leaking of potential layoffs across our nation. Recent consulting data reveals that the number of jobs on the potential chopping block for February is up over 30 percent when compared to January. The Dow Jones closed yesterday in the green as it finished the day off higher by over 8 percent. This positive end was also built on the news stemming from the Federal Reserve’s Beige Book report. The report revealed that the economy is growing and moving at a moderate pace in the right direction. This silver lining came with some gray as well though. The report also portrayed rising inflation potentials and higher commodity prices being passed on to the consumers of America. The growth we are seeing now could be short lived. The higher energy commodity costs could also prevent employers from hiring new employees and even initiate further layoffs. For now investors ignore the potential. The Dow Jones Industrial Average even started the day, prior to opening bell, in the green. A good sign for things to come? Author: Frank Matto
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