Job numbers hot, rates up, inflation up... markets up big-time?

I have a much simpler explanation....It's Friday and it needs it.

Next week is Friday the 13th. Then the following week is the anniversary of Black Monday. Then earnings season. And Last but not ...Halloween.

I just manage risk and trade the market in front of me.
 
From listening to the usual suspects on CNBC/Bloomberg I get the impression that they believe this is the last big NFP number & that salary rises are falling. I mean the TLT did a major reversal intraday (it went up 2% from the bottom), although it is still negative.
 
NFP release has been making HightoHigh swings between 4-6 months and LowtoHigh between 1-3 months. These periods overlap Sept and Nov with Oct (current) right in the middle. If these cycles continue next report (or two) could be down one as many Econs are now suggesting. Parallel lines pointing down as well.

As always it is the reaction, not the news itself that matters.

! NFP swings.png
 
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