My “Weekly Indicators” post is up at Seeking Alpha.
In the wake of yesterday’s weak jobs report, bond yields and mortgage rates declined to 12 month+ lows, commodities declined across the board, stocks sold off sharply, and the 10 year to 2 year Treasury spread un-inverted.
That’s bad news and good news. It’s bad news because it indicates a belief that the economy has weakened substantially, but good news because lower rates will enable increased activity out in the future.
As usual, clicking over and reading will bring you up to the virtual moment as to the economic data, and reward me with a little lunch money for collating and organizing the data for you.
More By This Author:
August Jobs Report: For The First Time, Including Revisions, More Consistent With A Hard Landing
Jobless Claims: All Good News
Economically Weighted ISM Indexes Show An Economy On The Very Cusp Of - But Not In - Contraction
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