The market is getting hit on this morning’s weak jobs report. December payrolls grew just 18k (vs. +70k consensus), although last month’s figures were revised higher. But these figures are volatile from month-to-month, so extapolating today’s figures into the future could be a mistake.The 10-year yield plunged on the news, taking out recent lows and hitting 3.83%. So the concern about the economy is elevated. I think the silver lining of today’s data is that it should get the Fed to act quicker and stronger than before. If they think job growt[...]
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[Source: The Money Blogs]
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