Stocks wait on tomorrow’s June jobs report–the bond market looks increasingly volatile

Stocks wait on tomorrow’s June jobs report–the bond market looks increasingly volatile

Today it looks like the financial markets are holding their collective breath waiting for tomorrow’s official jobs report for June. As of 3 p.m. New York time the Standard & Poor’s 500 stock index was down a slight 0.23%. At least that’s the impression an investor gets looking at the U.S. equity markets. But in the bond market, which I’d argue is more important than the market for stocks right now, there’s considerable turmoil not so far under the surface