“This Is Goldilocks Data”: Was The Jobs Number Just Right?

Ok, so a quick NFP take here. That was probably just the number we needed heading into the weekend given Thursday's action and given what we've seen over the past four or so sessions. As noted yesterday in "More Trouble," things looked to be getting a bit out of hand as far as rates go, with Treasurys plunging and the market seemingly starting to price in a Fed that thinks it's behind the curve. That set the stage for stocks to sell off with bonds (call it "tantrum" jitters)... ...and the

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