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Chris Martenson: Nasdaq falls nearly 5 percent despite jobs gain as miners rally

Chris Martenson: Nasdaq falls nearly 5 percent despite jobs gain as miners rally
Nasdaq falls as miners rally

The Nasdaq index dropped nearly 5 percent and fell below its 200-day moving average, despite payrolls increasing by 165,000. Miners rose sharply, gaining 12 percent during the same period. Chris Martenson commented on this classic risk-off rotation in a recent post.

Martenson has recently tracked significant developments in the oil market. He reported that the December 2027 future oil contract reached a record high and continued to climb, as detailed in a recent article. In another post, he noted that tanker attacks and Hormuz disruptions have pushed effective oil prices to the $200 equivalent at the pump, according to his coverage.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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