So the jobs report out of the U.S this morning is literally “beyond horrible” – yet…..initial reactions across the board have people partying in the streets.
What could possibly be discerned from such an absolutely dismal report that would see equities/risk futures “burst higher” ?
The disconnect from any rational evaluation of fundamental economic principles and this “euphoric bliss” has now truly taken on a life of its own.
I will be fading this action no question, and will be initiating trades “after the dust settles” as suggested previously, in that we cannot be far from a major turn.
This “turn” will have a seriously “long USD / short risk” vibe.