Hacker News Reader

Stocks are down because speculators understand that the fed has two mandates: unemployment and price stability (inflation).

With a strong jobs report coming out, this gives the fed leeway to more aggressively attack inflation (via rate hikes).

When rates go up, capital typically flows into bonds and away from stocks, etc.

What I find hard to understand is why if money is flowing into bonds then why are treasury yields up?

I don't know much about bonds but my thought is that investors expecting rates to go up will withhold from purchasing currently issued bonds as future bond rates will yield better.

The ATM machine is blinking "feed me a stray cat" none of this makes sense.

You are not crazy. Comments like this are a lifeline to sanity thank you.

Stop trying to figure it out and go buy some stocks.

That's the market for you, emotional and fickle.