The job openings report just came out, and for the fifth month in a row, the quantity of job openings is smaller than the forecast.
This is just what the bulls wanted to see because a weakening jobs market is what the Fed desires (and feeds into the oh-so-tiresome “pivot” narrative). The /ES rocketed higher. In the time it took me to slap together this post, however, the spike has vanished. Let’s see what’s next. I’m loading up on puts, myself.
(Click on image to enlarge)
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