Macro Morning: Jobs gloom

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By Chris Becker

A surprisingly robust NFP print on Friday night from the US plus continued “standoff” on Greek debt did not imbibe confidence on global markets (read: did not pave way for cheap money to flood into funds), with most bourses down and only another solid day for oil providing action on the long side.

The S&P500 fell 0.3% and remains stuck in this daily distributive pattern, unable to break free or show signs of breaking down:

Chart SP500, D1, 2015.02.08 21:44 UTC, VantageFX Pty Ltd., MetaTrader 4, Real

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