“Spillover”

If you were following along last week (well, I guess technically it's still "this" week, but you know what I mean), I hope you surmised that at least until the NFP print came down, the market action wasn't encouraging. Specifically, stocks and bonds sold off together, suggesting that equities aren't really ready to stomach an aggressive Fed (of course the irony there is that one of the reasons the Fed has to be so aggressive is that record high stocks have served as the catalyst for a loosening