The job openings report just came out, and for the fifth month in a row, the quantity of job openings is smaller than the forecast.
This is just what the bulls wanted to see, because a weakening jobs market is what the Fed desires (and feeds into the oh-so-tiresome “pivot” narrative). The /ES rocketed higher. In the time it took me to slap together this post, however, the spike has vanished. Let’s see what’s next. I’m loading up on puts, myself.
