The blowout jobs report this morning (in case you need a reminder Non-Farm Payrolls came in at 335k vs 170k expected), spurred selling in treasuries and a concurrent yield spike that initially weighed on equities. It wasn’t just jobs though --The Manheim used car index for September rose 1% m/m as well. However, in a maybe not-so-surprising reversal, stocks found new life by the day’s end, closing well into the green and just off highs. It’s possible that investors had already exhausted their s…
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