150k jobs were added in the month of August, well short of the 180k forecasted. The numbers were light, but still good. As such, the men of Wall are pricing in a Fed pause.
The biggest jobs gains were found in bars and eateries, with 34k new jobs added, as people drank and stuffed their fat fucking faces in record numbers–celebrating all of these gains.
Stocks are pointing up. Gold and oil are ripping, obviously. And wanton degeneracy is on the rise.
Once again, a well timed disappointment has provided the Fed with the fodder they need to sit back, do nothing, and watch equity markets do their magic.
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The bad news is 3 weeks of Jawboning ahead. Ugh
Art Cashin says were in for a volatile September……His last accurate market call came in the 1970’s……
Swiller
I’m going to board the ark for a few days 35 percent invested. I can smell something brewing that’s telling me to take some profits and do nothing for now. I can wait for better prices or just play with the giraffes.