The Interview.

Well, what can you say about this week?

That pretty much sums it up.

And as far as the administration’s “plan” for the meeting with Kim Jong-Un is concerned, we’re going to go out on a limb here and say Trump probably pitched it to the CIA the same way James Franco did in The Interview

 

The February jobs report was just what the market needed – a blowout headline print combined with an AHE miss. That underscored the “Goldilocks” narrative and suggested there’s still some slack in the labor market (more analysis here).

Stocks soared on Friday. The Nasdaq has not only recouped the entirety of the selloff, but in fact hit a new record high:

Nasdaq

On the week:

Stocks

Have a look at this:

ES

10Y yields jumped on the jobs number, but remained well contained, again underscoring the “Goldilocks” nature of the report:

10Y

The dollar (DXY) eked out a third straight weekly gain:

DXY

But you’re reminded that there are all manner of questions here including the deficit issue and what history says about tariffs and the greenback:

dollar

Oil closed out an entertaining week by surging more than 3% with WTI retaking $62:

WTI

European shares posted their fifth day of gains – that’s the longest streak since early January:

Europe1

The jobs report in the U.S. helped:

Europe3

Tough week for make-believe space tokens:

Bitcoin

It’ll be fine though, because remember:

South Korean shares rallied overnight, although as noted first thing Friday morning, the extra juice they got from the Trump-Kim news seems to have worn off by the close:

SouthKora

They’re still a bargain assuming there’s no nuclear accident:

KoreaValue2

Finally, for your moment of zen, here is Sarah Huckabee Sanders “explaining” how the meeting with Kim is going to go:

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints