Jerry has told us that The Fed is focused upon the employment data and the economic data this week is focused upon employment. If that sounds like a recipe for volatility, it is! The good news is that today's first datapoint, the JOLTS report, came in lighter than expected and provided a boost for PM prices that were already having a pretty good day.
You may recall that last month's JOLTS came in way above expectations and surprised almost everyone. A few days later, the BLSBS was a huge beat, too. So now here's the January JOLTS and it appears that things are reverting back to...