Credit market rallies most in two years as inflation abates. The Goldman Sachs Short Index surged 10.9% Thursday, with a two-day 17.5% spike. Read more here.
and no tone is going to solve all his political problems. certainly if inflation abates, that would help a lot. if we can feel like we put this virus in the rearview mirror once and for all, that we have control of it, that would help a lot. you know, there are things that are only partially within his control. but certainly how he talks about these things is within his control. i want to talk about that, that point about covid because we ve seen a number of blue states begin rolling back mandates as covid cases continue to plummet. the mood of the country seems to be shifting towards an endemic phase. people are just over covid. so far, though, the cdc and the white house have been slow to budge. is it time for the president to pivot on covid and maybe use his speech as a chance to like move the country forward and let them know he understands how they re feeling on this issue? i m sure they would desperately like to do that before the state of the union speech.
about it as the commander-in-chief and the leader of the west. bret: speaking of the u.s. here. a jobs report out today, and being touted by the president. 431,000 jobs added, unemployment rate down to 3.6%. big picture good, solid economy. obviously, juan, inflation still a major concern for families and for the federal reserve. correct. so you don t need any rose colored glasses as you say it s a very good report. but looking to the future. it looks a little bit cloudy because of inflation as you said, gas prices still an issue, and supply chain disruptions because the war goes on. bret: matthew? biden s numbers on the economy are dragging down his overall approval rating to dangerous levels and until inflation abates, his ratings will continue to fall. bret: ben? as long as this war goes on, you will see increases in food prices that will extend into the summer and could uppend political regimes in some of the poorest and most unstable parts of the world.