Another beat by the jobs numbers

October jobs numbers were higher than expected coming in at 250k vs an estimates of under 200k. This will keep the data dependent side of the US equation going strong into next week. Data had a larger influence in October as yields and trade wars rocked markets. As we have seen in just the past week, lackluster PMI numbers and the fear of bad jobs numbers took the dollar rally in reverse. Now with better than expected numbers coming out today it will be interesting to see if the decline continues. If all remains constant we should see a stabilization in the Dollar and the equity markets to a degree. An increase of volatility will have to come from another source in the near term (earnings for stocks and perhaps geopolitics for the Dollar) to see volatility tick back up.