FBC Varney July 3, 2024
And heres the story. New jobs, stunning. 336,000. Thats way beyond any of these expectations. This suggests the labor market is still strong. The fed is probably not going to like that. The Unemployment Rate, no change, 3. 8 . Now, heres the market reaction, dramatic. The dow industrials down about 200 points. This is the premarket, of course. And the nasdaqs down 176. S p also sharply lower. Plenty of red ink. Interest rates immediately jumped on the news. The 10year treasury is now up to 4. 75. Its the all over the place, actually. Just a few moments ago it was almost 4. 80. And the 2year, 5...