Scattered Points

The market seems increasingly convinced that the Fed will be hiking rates in September.

This morning, the WSJ ran a story by Jon Hilsenrath saying that the Fed won’t be deterred from raising rates even if the there’s a poor jobs report.

Well, there wasn’t.

The market is down after the jobs report. The S&P 500 is again testing its 200-DMA.

Posted by Eddy Elfenbein on August 7th, 2015 at 11:10 am

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