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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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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