A trade that wins if rates keep going lower following the weak jobs figures
We got new all-time highs for the S & P 500 (again) on hopes that the Federal Reserve will not only imminently cuts rates, but possibly even by a super-sized half point now in September. The 10-year Treasury yield dropped precipitously after the nonfarm payrolls data underwhelmed with just 22,000 new jobs versus the expectations…