Macro Dichotomies

Macro data on employment comes out on the first Friday of each month and there is much handwringing about what that means for Fed tapering announcements coming the 18th, Hot jobs number and definite tapering, cold jobs number and tapering is on hold or goldilocks.  The betting money seems to be that tocks will sell off on the first and hold steady/go up on the second/third.  Will find out tomorrow which it will be.  I don’t think it will be hot, but don’t have a strong sense of market direction after that. Best to let the market tell you what it wants to do.  Gains and losses from big bets before such binary events tend to average out anyway.

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