As you may recall I said last month that we would probably be seeing ‘better than expected’ jobs reports from now until the election. The incumbent party wants to paint a pretty recovery picture quite badly.
And the Fed would at least like the option of pulling the trigger on their likely ‘one and done’ interest rate increase for the year. Its either September or December.
The dollar rallied and gold took a hit, on expectations of an improving US economy and higher interest rates. We are the champions of the world it appears, and the only thing that can spoil it is one of those backwards nations in Europe or Asia. har har har dee har har.
The queen had a bit of a relapse today with a seizure caused by her recent operation, and that occupied much of my thought and time for the morning.