- jobs rose a surprisingly strong 678,000.
- unemployment edged lower: 3.8%.
- wage inflation? What wage inflation? Wages flat.
Target, the retail store: hiking minimum wage to $24 / hour in some locations. Link here.
Prior to the jobs report: Dow was running about 300 points in the red.
After the jobs report: 302 points in the red, pre-market opening, 8:10 a.m. CT. Such a strong jobs report will "force" the Fed to raise rates. But only a 25 basis points. But any rise in interest rates will simply corroborate the strength of the US economy. Let's go, Brandon. Go get 'em.
First group "financial / economic" indicators:
- 10-Year Treasury: link here. Down 9 basis points: 1.755%.
- DXY: link here. Up 1%, at $98.79.
- Silver: link here. Up another 0.7%; at $25.38.
- Gold: link here. Up 0.6%, at $1,948.12. Will we see $2,000 next week?
- CBOE volatility index: link here. Explained at Investopedia. Wow, getting to nosebleed levels. At 33.78 up almost 11% since last report.
Another week of not watching CNBC.
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