Are You Kidding Me?

The market response to the latest jobs report is almost comical. Not the response of U.S. stock prices, as the surge higher for the day is certainly more than expected. Instead, what was truly ridiculous was the latest shift in the market expectations for interest rate policy from the U.S. Federal Reserve. One can only hope that monetary policy makers themselves are not so capricious. But I have my doubts.

Please click on the link to read more of my article on Seeking Alpha.

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