Massive miss in the May nonfarm payrolls.
May Nonfarm Payrolls 75K vs 180K
No one gives a shit, sans the bond market — who are chimping out now hardcore — pressing the 10yr to 2.06%
— Bloomberg Markets (@markets) June 7, 2019
In case you’re wondering why futures are +100 while yields are getting crushed — here it is.
S&P SPDRs futures spike on headlines that the U.S. has decided to give some China products additional time to avoid tariff hike
See: Trump is a fucking brainlet. He just does things out of impulse and then quickly corrects his first instinct with a more measured approach. This is fine thinking, if it were not for the fact he was President and his actions causes stocks to plunge and surge with every god damned tweet or idea that emanates from his empty head.If you enjoy the content at iBankCoin, please follow us on Twitter