Loading ...they appear to be pleasing to all market participants, as everything has strengthened a bit. Maybe it was a negative number after all.
The big two are falling: The dollar and rates, has to be beauty to the Fed’s eyes to see the bond market rally a little. Considering the size of positioning in the futures markets for rates, it seems like bonds could see a pretty good short covering rally. Unless the big seller keeps dumping. Otherwise, I’ve got to think we’ve seen the highs in the dollar for at least a little while.
Oil up near 3%, above $71. The 10 yr. down almost 5 bips, dollar starting to crater in earnest. PM’s and shares bouncing, SM bouncing. Everyone should be happy, happy, happy unless they’re short.
They fired the first shot at G & S while I’m typing, so they may not let us rally too much today. We rarely rally on a jobs day anyway, so par for the course.