Reading between the lines of Friday’s jobs report
Plus: Brexit bust, SEC nabs doc for insider trading, and double your retirement savings
- Depending on how much stock can be placed in any jobs report that fails to include all those people who have given up looking for work in this lackluster economic recovery, Friday’s employment data might make you happy. July payrolls expected to show a return to normal.
- The Bank of England’s big bust. The rate cut that didn’t come as a major surprise to the markets. The real risk now is a Brexit boom, not a Brexit bust.
- The SEC has nabbed a Connecticut cardiologist for insider trading for selling shares ahead of negative news related to a blood-clot-regulating drug. “Not content with avoiding heavy losses” the doctor placed options trades to benefit from the stock’s decline.
- Double that retirement savings with three basic moves. Avoid the enemies.
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