Well, the jobs report was released, and the equity bulls are delighted. The bond owners? Not so much.
I mentioned on Tuesday how being short the TLT was "my favorite idea" right now, and it seems to be going well thus far. Looking at the @ZB this morning, it looks like a bad day for bonds (and this doesn't even reflect the latest price, which is lower than the chart reflects)
I guess the action in TLT yesterday confirms was Slopers were saying – – that the jobs report would be a good one. TLT looks like it has a long way to fall, yet.
