Here’s The Narrative – Now How Will November Payrolls Fit In?

Well, it's been an interesting week for markets to say the least. Last Friday, in something called "Jerome Powell’s Job Is Done Here — It’s All Up To Trump Now", we suggested the Fed chair had done what could reasonably be expected of him under the circumstances. He walked back his "long way from neutral" boondoggle that helped spark the October rout and between his comments in New York and the November Fed minutes, the S&P logged its best week since 2011. Fast forward a week and tha