Equities rallied in a welcomed reprieve today as yields took a breather from the relentless thrust higher we have become accustomed to lately. This morning’s weaker than expected ADP Employment report proved opposite to the yesterday’s surprisingly optimistic JOLTs number. The market rewarded this “bad” news as the “good” it needed to rally on a cooling labor market’s key role in helping to bring inflation back in check and put a stop to yields going higher and/or having to stay there for lon…
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