They could crush us like they usually do, or we could rally from here. Rates are up, USD weaker.
Once again, I like that we are weak into the report, but we’ve had a great week and might let some air out.. Maybe we gift some back.
SM is up a lttle to start. Oil is back up trying to challenge the $70 mark.
edit: oil now up above $70 – that move down to $65 didn’t make sense.
10 yr. is the biggest drag, up 2.6 bips, but USD is still down. I expect both will be much different in an hour or so when the jobs data comes out.