Good morning contrarians! It’s the first Friday of the month, making this Jobs Day. Right now it’s hard to see how today’s number will crimp investors’ risk appetite very much. The old calculus about Fed rate hikes may no longer hold and investors just seem to want to bid things up (for the most part).
The briefing/podcast gets into this a little more. Today’s is free for all to consume and enjoy responsibly. Please do so here: