Thanks to a strong monthly jobs report, the market is flying higher. As I’m typing this, the ES is up 23, the NQ up nearly 70, and what was going on in the market one month ago today is a distant, distant memory.
Because the economy is so strong, yields continue to strengthen (and, in turn, bonds weaken). As my PLUS users know, I’ve been kind of obsessed with bonds, and they were “turned away” nicely by the trendline a bit more than a week ago. At the moment, bonds are just about the only asset in the red.
