from Jesse’s Café Américain:
I will probably update the charts and other information over the weekend.
Considering that today was a Non-Farm Payrolls report, the action in the markets is not particularly surprising. The talking heads were calling this an almost perfect ‘risk-on’ jobs report. Right. Plenty of crappy jobs at wage levels for an unsustainable recovery.
Not one thing has change in my mind for the intermediate to longer term. Its just that the antics of the major corporate/financial players is becoming more brazen in Donnie-dom.