Labor statistics are rear-view. Promises of new jobs (some of which will never materialize) are great, but they don’t guide Fed policy.
Bond rates are softening today due to job weakness. As I said earlier in the week, I’m long TLT (the 20-yeaar Treasury ETF), and of course GLD is extending its rally based on the anticipation of rate cuts.
and yet equities are up big because of this...I guess easy money is their big driver