comments from Treas. Sec. Bessent were solid that market was hooked on govt spending which requires detoxing as we saw this morning as NFP of 155K was from pvt. sector only while the growth in govt. jobs would be null. ..!
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although a quarter point cut is announced which is what was expected, but thinking about about fewer cuts next year ..market dropped 4.2% fr...
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That 40000 smart people working in US govt realized that they should quit before being fired .. .. that the job they are doing may not be ne...
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