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The Market Reaction to the Fed Move at the Next Meeting
The equity market is taken off after the employment report. The bond market also sold off in that long-term treasury yields were up 567 basis points. Bernard, do you have a... Yeah, I know you follow the futures pretty carefully. Any view there on what's going on in the market reaction? Is that surprising for you?Yeah. Well, my interpretation of the market's thinking, this is a confusing report.