Financial Update by Maurice Soussé

Rates spiked today as the unemployment numbers were lower than expected shooting the stock market up 143 points to a record high closing and a temporary run at over 15,000. That sent a jolt to the treasury markets in which the 10 year T-Bill jumped to 1.73 at the closing bell. This pushed interest rates up a .125% and on some programs a .25% within 90 minutes of the report. Yes…in 90 minutes traders panic and pushed rates up so they don’t get caught with bonds they can’t sell. We’ll see how this all settles next week.

The quote of the week from John Wooden is “If you are not making mistakes, then you are not doing anything. I’m positive that a doer makes mistakes”. Go out on a limb this weekend and try something new and exciting. The worst you can do is make a mistake.

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