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With the urate stuck at 4.2 and avg hrly earnings moving higher even with 2
months of weaker payroll growth it looks like we may actaully have run out of
workers. Also huge short 110 put position mkt likely to gravitate to. I only
trade technically - Overall system tageting 108/09 over next month but small
net long at moment.
brian
Earl Adamy wrote:
> Classic case of "good news is bad news" - bond market psychology is very
> negative. Not only was the employment report better than expected but both
> crude and copper have major declines in place this morning which should be
> supportive to bonds.
>
> Earl
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