I promised to get back to this and now I have. That is, the employment report. The headline news was that it wasn't very good. But deeper into the report, it wasn't all bad either. The Household survey went up 600k, but that may have been tainted with a one time adjustment. Yet, it still went up anyway, and that's something. Jobs are not being created at a great pace, but it is happening. So, not everything is bad. Tapering can continue without the roof falling in.
The prediction that the market may have hit a high may get tested shortly.
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