Weird.

ANGLES. · Oct 8, 2023 · 6m

Stocks eventually ended a little higher for the week but it was a tough slog getting there with interest rates continuing to push ever higher (see AVERAGE 30-YEAR FIXED RATE MORTGAGE below) and a bizarre Jobs Report on Friday.

Monday started out quietly. There was some relief at no government shutdown but an awareness that the can is now lying just a little further down the road and nothing had really changed. Markets quickly resumed their recent short-term path of least resistance by moving lower, with Small Caps once again leading the way downwards.

Tuesday proved to be a very busy…