the invisible hand?

Dow Industrials made a 400 point swing today.

“Jobs” report tomorrow. Expected to be “better than expected”, would would be worse, while worst than expected, would be better.

Critical August jobs report expected to run hot and that could lead to a more aggressive Fed

Economists expect 318,000 jobs were added in August, and that the unemployment rate held steady at 3.5%, according to Dow Jones.

https://www.cnbc.com/2022/09/01/jobs-report-expected-to-run-…

Given how good Shinyland is at keeping anything private from the market, one would expect today’s turn around to be based on foreknowledge of a worse than expected report, which would be better, rather than the better report, which would be worse. Or, it could be more wishful thinking on the part of those who have something to sell.

Steve

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