Your daily TMF post

Let me start this post by saying TMF is a hedge and gambling on interest rates is dumb.

Boy didn't see that payroll number coming. It seems like we got it wrong for a while so did the Fed with that supersize cut. For the ones that are net long treasuries, it may be a good time to reconsider your positions. For the others, commodities and cyclicals look attractive. Let's hope CPI doesn't shoot up now.