From the article: "The August jobs report came in today—a bit lighter than expected. Unemployment ticked up 0.1% with a slower pace of job creation. The immediate reaction of the stock market was to celebrate the news—because it probably means more rate cuts, as reflected in today’s slightly lower bonds yields. The 2-Year Treasury yield now sits at 3.5%, its lowest level of the year. The S&P 500 Index rose about half a percent immediately after the report was released. The index then faded as the trading day went on and closed slightly down. Notwithstanding the fact that the S&P 500 remains just shy of all-time highs, the immediate reaction of Democrats, amplified by a sympathetic financial media, is that the economy is in horrible shape… and it’s all Trump’s fault.
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