The monthly jobs report came out, and the unemployment rate itself is just a touch under the prediction, logging in at 4.0%.
The job change (non-farm, of course, what with all the tens of millions of farm jobs these days, in our heavily agrarian culture) is feeble, at a mere 143,000 for the month.
Of particular interest is the hourly earnings, which came in 66% higher than expected.
With all this, the market has no clue what to do with itself. The bonds went absolutely crazy, and as of this composition remain down.
Equities, on the other hand, flickered red and green like a Christmas tree. As of this moment, between the ES, NQ, and RTY, they’re pretty much flat, although silver, I’m pleased to say, is still in the green.
I have fully loaded (no money left!) with thirteen bearish positions and one big ol’ honking long position, which is silver by way of SLV.
