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The Dow Jones today fell over 100 points in pre-market trading, as investors digested this morning's release of the April jobs report. The United States added 164,000 new positions in April, falling short of the 190,000 new jobs expected by economists. Despite this miss, unemployment fell to 3.9% - the lowest level since 2000.
As Money Morning's options trading specialist, Tom Gentile, points out, "May is not known for being the kindest month to the markets." He's certainly right - in just the last four days, the market volatility index has surged, rattling even the most experienced investor. However, Tom has a strategy for beating May's volatility - check it out here...
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.