Good morning contrarians! Bond yields are moving higher over renewed ‘higher for longer’ concerns, with added worries over the fiscal situation…
The Job Openings and Labor Turnover Survey, or JOLTS, is out at 1000. There are some indications of a softening labor market. Not just the Barron’s cover discussed yesterday.
We’ll probably need something more substantial before the Fed backs off their higher for longer language, but this could be the start. Maybe.
More here, including free audio from today’s podcast: