Tag Archives | Bab el-Mandeb

MIB Daily: The 29K Jobs Miss Moved the Date, Not the Destination, as the Nasdaq 100 Hit a Record, a 5.28% 10-Year Kept Duration Exposed and G7 Diesel Barrels Met a Sixth Hormuz Strike

September payrolls rose 29,000 against roughly 90,000 expected, unemployment hit 4.2% and October hike odds sank to about 23%. Stocks cheered: S&P 500 +0.73%, Nasdaq 100 at a record. Bonds didn’t, with the 2-year up 4.0 bps after Dallas Fed’s Logan called for 50 bps or more of further hikes. The G7 agreed a 100 million-barrel reserve release and WTI fell 1.9%, but a sixth vessel since Sunday was struck in Hormuz. TSLA rose 4.65% on a delivery beat.

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  ANNOUNCEMENT : The next generation WLEI3 had its first out-of-sample update! An auspicious moment for index builders.