Now that we know the NFP number at 211k, is well above the Feds target of 100k, it seems that they have the green light to raise rates. The concerning thing is that JNK broke through support to make a new low for the year. This was a key level. It could be different this time but I don't see how.
Zerohedge pointed out the 11 most concerning factors that are still unresolved and the global economic crisis is getting deeper. This article is a must read. See here
$JNK daily
Stocks rallied on the NFP beat to recover from the ECB disappointment as if that is a surprise to anyone. It certainly wasn't to me. Draghi has now come out and said he will do whatever it takes again and the algo's of course loved it.
SPX 4hr
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