Big Jobs number today, up 255,000. Dow shot up by nearly 190. 10 year closed at 1.59%. A rate hike is back on the table (not really), and the dollar jumped on all the news. Of course the yields will be down next week as we can expect a flood of money rushing to the only place where there is any yield at all. Oh yeah, Sterling was down again to 1.3080 at the close. Whispers of parity could be heard in the City I am told.
So things are looking good for the remainder of the summer and the Olympics open tonight. What could be better? The global outlook I guess, but that is not for this weekend. Kick back and relax. Watch the snail on the thorn. For certain, God's in his heaven and all's right with the world. It is isn't it?
See you next week.
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