Phil Grossfield's Blog

I’ve Gone Viral!  I took a break from dinner at my favorite local restaurant and found this picture in the bathroom. So, I took a picture of it and posted it on Facebook. Since then I see it re-posted over and over and over again…I’ve gone viral!  And I want credit!  I took the picture, ME!  It’s my contribution and believe you me it was a delicate situation to take that picture considering the circumstances.  For the love of all things holy in this great land of ours I want my verse to include this picture!  🙂

My Schedule:  Available all day….

My Market Watch:  Bonds Down & Trading Below Yesterday’s Ceiling. Prices Worse.  Jobs Reports Thursday-Friday.  The 30-year Fannie Mae bond is down this morning -14bps from yesterday’s close.  The bond has fallen below a Floor of support where it has been teeter-tottering back and forth.  Basically I think traders are uncertain whether to buy or sell stocks and bonds and they’re waiting for the Jobs Reports tomorrow and Friday to help them decide where to put their money.

The main reports are Initial Jobless claims tomorrow and on Friday the Non-farm Payrolls and Unemployment Rate reports. These reports have traditionally moved the markets substantially so all eyes will be focused.