Jun 08/15 – The Market Gods are a cruel sadistic bunch

Friday’s US employment release pushed the Federal Reserve one step closer towards the first rate hike in over a decade. The change in non-farm payrolls came in at 280k versus an expected 226k. More importantly, the average hourly earnings nudged up to 2.3%. All in, it was a solid report with almost all aspects heading in the right direction. Tim Duy’s F…