Sep. 5 at 1:10 PM
$PTON Today market is bullish as Nonfarm Payrolls was lower than expected (75K surv vs 22K avtual). This is a strong evidence that the US labor market is slowing rippled through markets Friday, adding weight to bets on Federal Reserve rate cuts while sinking Treasury yields and lifting stocks.
FED must lower fed fund rate in september 17 and by the way, market is pricing now 3 cuts this year.