Rolling Stone?

(1) Good news was great news. (2) Bond yields didn’t budge on strong payrolls. (3) Fed funds futures still predicting none-and-done. (4) Fed might want to lie low during upcoming election, including the one in Italy. (5) Williams says Brexit no big deal. (6) TGIF rally was widespread. (7) Valuation driven higher by lower bond yields and no recession. (8) Forward revenues and earnings lifting a bit. (9) Arbitrage spread favors more buybacks and M&A deals. (10) Earned Income Proxy rises to yet another record high. (11) Regrexit. (12) Democracy in Europe could get messier.