September Rate Cuts already looking like a foregone conclusion now. Non-Farm Payroll data came in and missed BAD. (77k to 110k expected) On top of that Jobs data from last report was adjusted DOWN 125k jobs. This is showing the jobs market is not nearly as strong as expected. The dollar and 10 year treasury bonds BOTH took massive hits on price action, reverting back to risk on vs risk off 16% swing from no cut to 1 rate cut in September after todays data points were released.