Hoo Boy... (This Jobs Report)

So... about interest rates...

Momentum: The strength of the markets continues on the back of the Magnificient Seven - but the bond market has me a tad spooked. There are MANY catalysts over the next week, and I’m starting to think that a real selloff does finally come on the back of a contested election AND a central bank that has lost the freaking plot. 

Outright bullishness and greed are masking a Wall of Worry moment masking. We saw an early signal of concern last week. Keep dancing near the door.

With the market painting a complex picture, the contrast between Big Tech's resilience and a broader flight to safety captures Wall Street's growing unease ahead of tonight's high-stakes Meta (META) and Microsoft (MSFT) reports. 

The combination of surging defensive assets, elevated bond market hedging, and selective earnings strength suggests traders are positioning for heightened volatility as we navigate through a gauntlet of catalysts that could reshape market narratives heading into year-end.

Insider Buying: A Deluge…