EscapeGoat OG : market data payroll jobs report come in hotter than expected tigress sell-off treasury yields go up and stocks tank.
ProBagHodler EscapeGoat OG : what does "hotter" means in this context and why did it result in a sell off?
EscapeGoat OG ProBagHodler : higher than expected, more people got jobs than got fired. treasury yields went up meaning it costs more to borrow money the market doesn't like that so stocks tank.
EscapeGoat OG : market data payroll jobs report come in hotter than expected tigress sell-off treasury yields go up and stocks tank.
ProBagHodler EscapeGoat OG : what does "hotter" means in this context and why did it result in a sell off?
EscapeGoat OG ProBagHodler : higher than expected, more people got jobs than got fired. treasury yields went up meaning it costs more to borrow money the market doesn't like that so stocks tank.