Markets Reverse as Investors Digest a Major Jobs Report Miss

Remy Blaire: Midday trade underway. Let's go out to Chicago.

FINTECH.TV contributor Errol Coleman joins us live from the trading floor.

Hey, Errol. Good morning to you. Good afternoon from New York.

So here we are at midday trade, and we are looking at the major U.S. stock averages coming off session highs.

But what activity are you following right now?

Errol Coleman: Yeah. Thanks, Remy.

As you point out, we're starting to see the market give back a lot of those initial gains from the morning.

And oil is starting to rally, and we're seeing a pretty strong reversal, you know, in bonds as well. So we're going to be keeping an eye on those things.

Volatility still sitting at around 15.50, about two points off of its highs.

So volatility has been sitting at these lows. Investors have been waiting to see this pop in volatility. We haven't seen that yet.

But most markets are extremely volatile right now.

And I think whether you're looking at oil, whether you're looking at gold and silver, the volatility market, bonds, equity markets, I think there's something for everybody, and there's a lot of volatility between those assets.

So I think the market is still trying to digest, you know, the initial jobs report this morning coming in at 29,000.

I don't think we can understate how big of a miss that is.

So I think the market is just trying to digest a lot of that news right now, given the current volatility.

Remy Blaire: Well, thank you so much for joining us at this noon hour on the East Coast, and have a great weekend.

Errol Coleman: Thanks, Remy.