S&P 500 didn‘t like the underwhelming NFPs, but didn‘t collapse either. Orderly reaction to a bad number powerful enough to postpone Fed‘s Nov taper, to be followed by celebration of continued monetary support, or creeping worries about Fed policy mistake in letting inflation become an even bigger problem than it is already? Not that it‘s not set to become one – even the lazy and slow PCE deflator has scored a jump not seen in decades. Q3 2021 hedge fund letters, conferences and more The doubts are starting to be seen in the pressure on USD – the dollar looks set to swing lower next. Not break…

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