US Economy Adds more Jobs

Opens the door for continued Fed hikes

US economy added 236,000 jobs in March as the labor market stays strong. More people are working, which is good. Consensus was expecting 230,000. For 11 months straight employment numbers beat the street.

Unfortunately this continues to fuel the Feds rate hike campaign.

The Yield Curve presently sits at -.59% as of this writing. That’s a sizable move since the March 27 at -.38%. Yesterdays bond market close was at -.52%. This means we are continuing to see a rotation towards the long end of the duration curve and aways from the short-term. I was ask this morning from a person who watch my video on Best of US Investors video, “How Bond Yields can Predict Stock Market Direction and the Future of the Global Economy” if the move to long duration was as liquid as

as being in short-term bonds. US Treasury’s and Treasury Bills are all them most liquid of bonds. That is why most governments hold US Treasury’s.

With markets closed today, I’m going to close this edition with this. The US economy is slowing. We see that in Manufacturing numbers. The Fed still has reasons to raise rates. They will over shoot and will most likely drop rates in the next twelve months by 200bps. Risk off is the key. Subscribe to the paid version of QQQ Trades Ideas an see my idea on portfolio allocation to weather the storm. Only $11.99 a month.

Have a Happy Easter weekend! God Bless you All!