Cheshire Cat’s Smile Redux: ‘Not Exactly A Party Cocktail’

For those of you with short memories or for anyone who, like me, spent too much of their life drowning the synapses in expensive scotch, it's worth remembering that the last time the market got caught flat-footed by a super-hot average hourly earnings print was on February 2. Let's take a trip down memory lane. January payrolls came on the heels of a truly terrible week for balanced funds and risk parity, which were under pressure from a simultaneous selloff in stocks and bonds. Here are some f