On Friday, US Non-Farm Payrolls came in over twice what was expected. The unemployment rate dropped as well, if only by a decimal point. Yet US stocks (as measured by the S&P 500 and Nasdaq) dropped. Why would it be a “bad” thing for US businesses that more Americans have jobs, and have more disposable income? This is a recurring phenomenon in financial markets that can disrupt trading strategies. It’s not exclusive to the US. in Europe, indices have been responding differently, but that could change. Since there is a direct correlation between equities, commodities, and forex, this could affect us currency ... (full story)