On Friday, both Stock and Bond markets were heavily sold off after the Jobs Report created uncertainty for the future of interest rates. One of them was bound to be a loser, and as it turns out, that loser has been Stocks. Wholesale Bonds have regained all of losses after Friday’s beatdown, but that hasn’t necessarily corresponded to the ratesheets due to continued uncertainty and the fact that the commitment is for 30 years. Despite being down 200 points (DOW), the stock market is still on a six-year (depending on how you look at it) tear.
