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re: Jobs Report Crushes Estimates

Posted on 2/3/23 at 6:53 pm to
Posted by slackster
Houston
Member since Mar 2009
85487 posts
Posted on 2/3/23 at 6:53 pm to
quote:

Markets ended down because they were able to actually see through the BS.


Markets don’t want strong jobs numbers.

If they saw through it, rates would have gone down and market would have been higher.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 2/4/23 at 4:46 am to
Yep, just reinforces higher rates for longer, which the market was wrong about.

This is the first instance these probabilities have favored the FFR getting to 500-525.

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