Tomorrow’s Jobs Report
Tomorrow’s jobs report: Tom Essaye Quoted in BNN Bloomberg
Stock Futures Slide as Bond Yields Keep Rising
“Tomorrow’s jobs report may be the most important one of the year,” according to Tom Essaye, a former Merrill Lynch trader.
If the report is too hot and the yield on the U.S. 10-year bond moves close to 5 percent. “We could easily see the S&P 500 fall through the 200-day moving average and at that point we could see an acceleration of the declines in stocks,” Essaye wrote in his The Sevens Report newsletter.
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