DPR Update – Friday May 5th, 2017

DPR Update:  Hold the position, nothing to do

The jobs number was better than expected, adding over 200,000 jobs last month with the rate dropping to 4.4% unemployment.  This was well received today in the market, moving the S&P 500 very close to it’s all time high.  Perhaps it will finally happen on Monday.

France goes to the polls over the weekend, so we will know the outcome I believe before the futures open at 6pm EST on Sunday.  This will certainly have a large bearing or how the week goes.  If it pops we will see a new high obviously, if Le Pen gets in then we probably won’t see a new high for a while….

Let’s hope for a big gap up on Monday at the open!

Have a great weekend,

John