Friday the 6th Oct 2023 - monkeybusiness wins the cup!, page-52

Hi @Margaret63

Not always … there is valid fear that a rampant jobs market will force the Fed’s hand about increasing rates and for longer … this past week (and possibly ongoing) the Bonds market was in nose bleed interest rate territory due I think to these concerns.

Bond yields and VIX skyrocketed after the jobs report and the market initially traded down (the right direction lol) and I went to sleep thinking I had a good chance of being amongst the points.

Then I think investors noticed wages growth had ticked down from 0.3% in Aug to 0.2% in Sep and that that trumped the blowout in new jobs … and it was all over red rover for team negative.

They’re a queer mob those US investors and fundies lol.

Well done this morning to B52, Akki, Quing, EW and HF … and good luck to EW and HF for their hat tricks on Mon.

Hagwa … have a sail race starting in 3 hrs in fresh southerlies 8))

Dex