as in last few years, it was not going up ... despite Fed trying their best on both Side ... because they are using numbers and not behaviors ... anyway, 2Y is near 5% and market down 6% since Feb high ... inflation staying for long brings valuation down ..!
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NFP 162K .. higher than expected ...
But not enough for a rate hike ..!
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because inflation is a monetary phenomenon .. it rises in proportion to the money supply (mostly reckless spending by congress) or a reducti...
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as Fed have been raising Federal rates (short-term) this year, market has been dropping long-term rates since Jun 15th anticipating downturn...
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And GooG issues new stock to generate $80B to invest in AI buildup .. now that's smart .. but who's?
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