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US Markets: Just Volatility or something els




Lee’s Dhaba

On Friday the United states reported that over half a million jobs disappeared in a month! 533,000!!

The Stock Market went up 3.65%. What? That’s right, the S&P rallied 3.65%. Now I know that Bond traders are a sorry lot that cheer job losses and bankruptcies…bad news means lower policy rates…lower inflation…HIGHER bond prices.

But the Stock market up on doubfoundingly bad news…I cannot even come up with a rationale, with perfect 20/20, for this turn of events. Sell the rumour buy the fact…NOT…the actual nonfarm payroll number of -533,000 is more than four standard deviations away from the mean prediction.

GDP growth for the fourth quarter in the United States …

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