By Chris Becker
The big one came down on Friday night – US jobs for July – and it was unexpectedly strong, with good wage growth numbers to boot, enough to send futures on a Fed rate rise in September up to a 26% chance. But not a certainty, so this gave stocks a big lift, while the USD rose against all the majors and shoved gold off its uptrend.
As usual for Mondays, I’ll step back and take a longer term view of the markets.