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Jobs Report Quick-Take on Stock and Bond Reactions

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

It’s unusual, to say the least, for me to wake up late. My body alarm clock is usually quite reliable. I guess yesterday was such a disappointing eye-roller, that my body basically said, “aww, screw it, stay in bed”, so I missed the entire jobs report and the reaction. Turns out it wasn’t a big deal. The jobs report came in below expectations, and the year-to-year trend definitely shows the sheer rate of jobs growth is easing (let’s face it, there are only so many jobs anyway, although where I live there are still Help Waned signs everywhere you turn).

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The reaction in the world of bonds was favorable:

Whereas in stocks, there was a bit of selling. This chart looks dramatic, but it isn’t, because there frankly hasn’t been much movement for the past dozen hours.

I remain light-as-a-feather but will start thumbing through my watch lists and looking for decent risk/reward ratios.

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