Louis Navellier begins the second quarter by commenting on the latest jobs report and what it means for the stock market.
“The unease in Korea and a disappointing jobs report on Friday delivered the biggest weekly loss of the year so far, but the decline wasn’t all that bad – a 1% drop in the S&P 500 and a slight (0.1%) drop in the Dow. However, many smaller stocks fared worse – with the Russell 2000 declining 3% last week and NASDAQ off nearly 2%. As I’ve been saying in recent weeks, the market is becoming more selective, so investors need to be more attentive to company-specific news and trends.”