Barrick Gold | Market Rundown

Powell Does it His Way

“[Regrets], I’ve had a few "”

-Jerome Powell May 3rd

Today:

1. Market Rundown

2. JPM-”The End is Near”, Barrick Gold Report

3. Payrolls previews by GS and JPM

4. Zen Moment: Karate Kid

1- Market Rundown

Good Morning. The dollar is down 14. Bonds are slightly weaker. Stocks are stronger by 65 bps on average with the Nasdaq up 95 points. Gold is down $10. Silver Fu. are down 5c. Oil is up $1.70 Nat gas is unchanged. Grains are all up uniformly at 65bps. Crypto is up around 1%

Today is the monthly Jobs report. Consensus:

NFP: +185k median headline, (prior 236k)

Unemployment Rate: 3.6%, (prior 3.5%)

Average Hourly Earnings: +0.3%M/M (prior 0.3%)

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