GOIH Capital Markets: Economic Report

The jobs report came in this morning with an increase of 110,000 new jobs created. This immediately send the Dow futures higher as well as the Nasdaq futures higher indicating a market opening to the upside.

The Dollar/Yen spread recovered as the improvement in the jobs market indicates the Fed may or may not cut interest rates in October. If the Fed does not cut rates, the Dollar will strengthen against the Euro and Yen.

We will publish a list of investment ideas we feel have profitable implementation now the market has digested the latest economic news.

We remain bullish on multi-national exports, MCD, KO, BA with the falling Dollar their sales will continue to be strong.

We are bullish on GM with the new labor contract adding cost savings daily to the profitability of GM.

Bullish on Google (GOOG) tech leader in internet technologies.