…and the numbers are in

The key stat for the week, the jobs report, is now fully priced in the markets.  I’m sure many, like me, hope this takes stocks back to their old level, but I’m not convinced.  We might have seen this year’s high.  Or is that me channelling tastytrade?

In other market efficiency news, I wonder if grain prices are fully reflecting the (huge) extent of this year’s harvest.  Nervous finger on my mouse, over the ‘sell’ button on corn futures…

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