Employment: LIES, All LIES!

Wow, man, 227,000 employment screams the Bureau of Lies and Scams.
Uh huh. Sure.
Ok, ok, the ADP report was strong too. But if there’s something to take from this report and the market’s reaction (which was a bit muted) it’s short everything. The folks over in the Treasury pits didn’t seem to have trouble deciphering it, incidentally, as the /ZN was bid hard on the release.
Why?
Well, let’s look at a few things.

This post was published at Market-Ticker on 2017-02-03.