200 points after the jobs report ended the day down just 40 points. Meantime the yield on the tenyear yield jump back above 2 President Trump blasting the fed when speaking to reporters earlier today. Were paying a lot of interest and it is unnecessary, but we dont have a fed that knows what theyre doing so it is one of those little things. But if we had a fed that would lower rates, you would have a rocket ship. So what is the market saying now about what it expects for a potential rate cut this month . Didnt bullard and powell dress down the window for a rate cut last week, or at least going from 50 to 25 basis points i think powell should dress down the window i dont think he should cut. At all . The market thinks he should cut but you have a limited amount of ammo so why not string it out longer wasnt the argument that the fed moved too far . One cut too far. And it was more of an ee quill quill equilibrium cut the question is was good news today bad news for that. If you look at f