IntraDay Update

NFP beats and risk off for now

Its been awhile since we gave an intra day update, but considering NFP day and current market moves we do have a few items to highlight. First up the NFP came in higher than expected and obviously traders will take any good news economically as bad news for asset prices because of rate hikes. We know this is how trading mentality works right now and thus, you should know, not to fight it. We are in a:

GOOD NEWS IS BAD NEWS FOR PRICES TRADING MENTALITY