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The monthly jobs report came out, and the ostensible unemployment rate continues to tumble, down to 8.4% now. Keep in mind, there is only one job report left between now and the Election. Incredible, yes? In any case, the rate is tumbling faster than forecsat.
Today was the first good down day in literally almost three months. It’s been an absolute hell-grind since June 11th. Now that the market has dipped a tiny bit, I’m sure Powell will come up with some other cute save-the-day program. In the meantime, though, volatility has a pulse:
So, how’s the vaccine coming? And those shareholder lawsuits?
So is this all we’re going to get? Maybe. In the span of just hours, we’ve traversed from the peak of the medium-term channel to the bottom. I’ve seen this movie before.
