Bonds are flat this morning which is good news. If NVIDIA took off it could have pressured the Bond market as NVIDIA is the largest component of the S&P 500.

*would have pulled more money away from the bond market

Job Data Revisions yet again. The Quarterly Census of Employment and Wages QCEW released their numbers and is showing more significant downward revisions in the labor market.

What does this mean? Basically the jobs growth has been over stated significantly. The challenge is the FED members keep stating how strong the labor market is.

Rates are flat so far this week.

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