Happy Friday

Mornin’ Slopers,

My dawgs woke me up way, way too early (we’re talking 4:30 am) so here I am with two quick items just to get the day rolling.

First, the jobs report is out, and the market doesn’t quite seem to know what to do with it. On the one hand, the headline rate is down to 5.8%, but on the other, the number of jobs added was well below expectations. At first, the US dollar got really weak, but as I’m typing this, it’s rebounding. The ES and NQ are pretty much where they were late last night – – – so at this point, there’s no obvious direction for the day.

Second, I was intrigued to see the story over on ZH about happiness across the country. I was particularly interested since my home state of Louisiana appears to be the happiest place on Earth (Disneyland notwithstanding). I feel an odd sense of pride that my cajun cousins are more content with their lives than the gazillionaires which surround me here in the Silicon Valley.