Trader Talk

Pisani: Positive Signs—Despite Jobs Picture


Markets have come off their highs earlier in the morning as Goldman Sachs has lowered its March jobs growth forecast to 275,000 from 200,000. Market consensus now down to 185,000 jobs growth.

Regardless, there are many positive signs for the markets this morning:

1) Primerica prices IPO above estimates, opens strong, Q1 ends on strong note for IPOs

2) March ISM: highest since July 2004

3) GM March sales up 43% vs. 27% estimate

4) strong earnings from CarMax , Micron, Borders.

CNBC Data Pages:



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