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Weak Jobs Report, Earnings Season Could Test Market Bull
06 Apr 2012 EDT - CNBC.com
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If the March report met expectations, it would have been the first four month streak of 200,000 plus jobs since 1999. “My point is it’s quite a feat to string a number of those together without a statistical fluke month. In other words, it would have been quite a big deal if we had gotten another 200,000-plus number,” Paulsen said.

The sluggish job growth immediately set traders buzzing about the potential for more quantitative easing, during Friday’s holiday-shortened bond-market session. The Federal Reserve disappointed investors earlier in the week when March meeting minutes showed members had no resolve to carry out a new round of easing. Stocks and commodities sold off, and bond prices and the dollar moved higher.

The equity market will have its first chance to react to Friday’s March jobs report Monday morning, when the markets reopen after the long Easter weekend.

The Dow was down 1.2 percent to 13,060 in the past week, and the S&P 500 was down 0.7 percent at 1398.

Now that the major jobs report is out of the way, the week ahead brings more data and new challenges.

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