Very bullish employment numbers this morning, the S&P futures are trading up about 5 pts as of 8:45AM EDT.
Jobs were up and prior revisions were up. Construction was up, reversing the weather drop last month. Unemployment was down. By the way, the demographic trend with the baby boomers retiring and the baby boomlet having mostly entered workforce means there are just fewer new job seekers. Hence job growth has to remain slow.
T-Notes are selling off to about 4.75%, still very low historically.
So the perma-bears are in trouble, as the cascading disasters they predict just aren't happening. They aren't even getting started. Time will tell. My primary fear is that inflation will NOT downtick soon. If it keeps upticking, I think fears of a Fed rate RISE will start to cause stocks to sell off. But that is data-dependent.
Hehehe:
The Emperor – Return of the Jedi
“Everything is proceeding as I have foreseen.”
Hannibal Hayes – The A Team
“I just love it when a plan comes together”
Update:
Krypto Fund is up 3.17% YTD.
Alpha Fund is up 14.1% YTD.
Commodity Acct. is up 30% YTD.
[Btw, the amount of $ in each drops considerably down the list to manage my risk.]
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