Traders Are Delusional If They Think This Bad Jobs Report Is Any Good

No matter how you slice it, we’ve had an extraordinarily volatile week; stocks were reeling like so many drunks from data to the Fed to earnings to data.
Apple, a juggernaut of the S&P 500, took off on an earnings miss yesterday because, “Hey - no worries, $110 billion in buybacks are coming.” (If all else fails, and no one wants to buy your crap, just buy it yourself!)
Today, markets jumped higher in part because of very weak jobs numbers. “Hey - no sweat, maybe the Fed will cut rates sometime.”
Within moments of the report hitting the wire this morning, all the volatility was sucked out of the room - a volatility vacuum that seemed to take common sense with it.
But I’m here to tell you, nothing good will come in the medium- or long-term from a jobs report like this.
Tonight, I’ll take you inside - what’s really going on. We’ll look at the current situation in the greenback, the real opportunity in the bond market, and how we did with our expected move.
Let’s get to it…
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