OK, the jobs report is out, and it handily beat expectations (plus they revised prior data higher)
Interest rates, therefore, are strengthening, and the bond market is selling off.
In turn, the small caps (which are heavy with banks, which love climbing rates) are rallying.
The NASDAQ, however, is getting wacked. These graphs look very dramatic, but the market isn’t exactly in turmoil. As I am typing these words, the ES is up 0.06% so this isn’t like mayhem or anything.
And gold, of course, pathetic piece of shit that it is, is crashing.
As a side note, my favorite alt-coin, Cosmos, finally cracked through its trendline. Yay!
