Wall Street Greek: STOCK MARKET WARNING

This #jobsnumber could be really bad. Going out on a limb and say sub-100K (84K even). #jobs $C $BAC $AAPL $SPY $VXX #nonfarmpayroll $FB $GE
— Markos Kaminis (@WallStreetGreek) June 3, 2016

This morning’s jobs report injects an element of uncertainty into the market perspective that is unhealthy for performance near-term. Several data points reported recently have been taken to project economic weakness. Though I dispute that, this reality and the many perils ahead in June signal it’s time to protect wealth. The Federal Reserve may not clearly take June off the table as data continues to come in for May offering a mixed message, and so volatility will increase and most stocks should see discounting. See the whole story at Stocks Warning - Protect Your Wealth.

Security Sector	11:25 AM EDT 06-03-16
SPDR S&P 500 (NYSE: SPY)	-0.7%
SPDR Dow Jones (NYSE: DIA)	-0.5%
PowerShares QQQ (Nasdaq: QQQ)	-0.7%
iShares Russell 2000 (NYSE: IWM)	-1.2%
Vanguard Total Stock Market (NYSE: VTI)	-0.7%
Financial Select Sector SPDR (NYSE: XLF)	-2.1%
Technology Select Sector SPDR (Nasdaq: XLK)	-0.5%
Energy Select Sector SPDR (NYSE: XLE)	-0.9%
Health Care Select Sector SPDR (NYSE: XLV)	-0.7%
Consumer Discretionary Select Sector SPDR (NYSE: XLY)	-0.9%
Consumer Staples Select Sector SPDR (NYSE: XLP)	+0.4%
Utilities Select Sector SPDR (NYSE: XLU)	+1.6%
Materials Select Sector SPDR (NYSE: XLB)	+0.3%
Industrial Select Sector SPDR (NYSE: XLI)	-0.4%
iPath S&P 500 VIX ST Futures (NYSE: VXX)	+3.1%
SPDR Gold Trust (NYSE: GLD)	+2.4%
United States Oil (NYSE: USO)	-0.8%
PowerShares DB US Dollar Bullish (NYSE: UUP)	-1.5%

DISCLOSURE: Kaminis is long VXX and UUP. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).