Flat Friday

So, when is not so good news actually good? With all the anxiety about inflation and its impact on the economy, a tepid jobs report served to calm things down. Normally, we like to see new jobs numbers in the 150,000 range. Today, they were reported at only 75,000. So, maybe inflation is not lurking around the corner. After all, we want growth, but we don't want runaway growth. That kind can't be sustained for long. Today's numbers left the market feeling calm and, mainly, flat. The Dow and the NASDAQ dropped slightly, while the S&P actually gained on the day. Still, pretty flat, but right now, flat beats the roller coaster. Dow -12.41 NASDAQ -0.45 S&P 500 +2.51