To The Moon

The jobs market is tight, inflation is above target, consumer spending is holding up and recent Fed commentary suggests they are in no hurry to loosen policy.As such, we continue to favour May as the

Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday.The core personal consumption expenditures price index, which

US Gross domestic product was expected to increase at a 4.7% annualized pace in the third quarter, according to a Dow Jones consensus estimate.

US CPI rose 3.2% in July, less than expected.

Bad news for the October labor report was good news for stocks in November as interest rates fell.Bad news for the November labor report is likely to be bad news for stocks, as it increases the probability of recession, and interest rates are already low.Good news for the November labor report could also be bad news for stocks, if interest rates rise.gorodenkoff The November rally The October labor report triggered a major rally in the stock market. Right before the release of the report, the S&P 500 was in a 10% correction territory. In addition, the 10-Year Treasury yield was still close to 5%, and the 2Y Treasury was hovering around 5%. One month later, the S&P 500 is near the year highs , 10 Year Treasury yield is 4.17%, and the 2Y Treasury is 4.58%. So, what was in the October labor report to trigger such a dramatic market reaction?