Meh, Jobs Report...
That was overhyped. At least there are a lot of Quality Value stocks on the screener now.
Market outlook:
Futures are Up: S&P +15bps, Nasdaq +24bps, Russell +19bps
10-year stabilizes at 4.26% after global bond selloff on inflation fears
WTI crude nears $66 in seventh consecutive weekly drop, down 5% this week
French shipping giant CMA CGM commits $20B to US shipping infrastructure; deal expected to create 10,000 jobs
Sycamore Partners is taking Walgreens (WBA) private in $23.7B deal with shareholders receiving $11.45/share. I criticized this company about 18 months ago and predicted that this sellout was inevitable. The private equity company will make a fortune breaking up Walgreens.
Trump formalizes Bitcoin strategic reserve via executive order; government to make budget-neutral BTC purchases while stockpiling seized altcoins.
USMCA-compliant goods are exempt from tariffs until April 2; China's retaliation starts Monday with 15% duties on farm products.
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