In news that should surprise no one, job growth is slowing as the country enters the most dangerous phase of the pandemic.
The news shook stocks, with S&P futures now off a stunning 2 points since prior to the announcement.
Aghast that the index might not make another new all-time high today, investors across Wall Street had to be talked off of window ledges. Observing the carnage, algos could be heard muttering, “VIX…VIX…VIX…”
Hopefully stocks, after suffering through the greatest monthly gain since 1987 in November, will recover.
continued for members…Oil also joined in the fun, as OPEC+ is going to cut the cut less than originally expected.
And, USDJPY threw its hat into the bullish ring with a backtest of its broken TL…
…theoretically slowing DXY’s descent…
…and still leaving a path for BTC to reach its 1.272 at 24,166 around the end of the year.
I’m going to return to yesterday’s continuing currency post, but will return here if anything interesting happens.

