Wells Fargo
Strong Buy - Wells Fargo -Breaks Out As Jobs Report Lifts Treasury Yields
*Jobs will need to keep improving for consecutive months in a row first, Pre-Covid Un-Employment levels currently 5.4% was 3.5%.
(Price target Indicator has proven to be very good, no effort knowledge required, try it yourself)
: )
- The job market is roaring back creating 943,000 more jobs in July.
The bullish report sent the 10-year Treasury yield up 6 basis points to 1.28% on increasing confidence in the economic recovery.
But - Wall Street is also expecting the Federal Reserve to start tapering its
bond purchases.
*Jobs will need to keep improving for consecutive months in a row first, Pre-Covid Un-Employment levels currently 5.4% was 3.5%.
(Price target Indicator has proven to be very good, no effort knowledge required, try it yourself)
: )
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