- This morning's jobs reports - 173K jobs added disappointed, but revisions to June and July made up for the miss, and the UE rate fell more than expected - likely won't change anyone's mind (either the hawks or the doves) at the Fed.
- Futures are volatile, but at the moment holding the roughly 1% losses from before the print.
- The 10-year Treasury yield is down one basis point to 2.15%, but was as low as 2.12% earlier this morning. TLT +0.6%, TBT -1.2%
- The dollar (NYSEARCA:UUP) is modestly higher, and gold and oil are little-changed, but stronger than before the report.
- ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, UDPIX, OTPIX, RYARX
- Previously: In total, jobs report probably a sight beat (Sept. 4)
- Previously: Jobs up 173K in August; UE rate drops to 5.1% (Sept. 4)
- Previously: Fed's Lacker makes case for rate hike this month (Sept. 4)