The US economy added +151,000 jobs in January, a bit lower than expected, but solid enough.
The unemployment rate held fairly steady, at 4.1 per cent.
Measures of underemployment are rising, however, with the underemployment rate rising from 7½ per cent 8 per cent over the month.
Source: Bloomberg
Auto delinquencies are at 30-year highs, and there are other some tentative signs of an economy fraying a little at the edges.
Bond yields have eased quite significantly over recent months.
And the crude oil price touched a 3-year low this week, taking away some of the inflationary risks.
Back home in Australia, Cyclone Alfred has been downgraded to a storm.
We barely got a ripple up here, all things considered - except for major beach scarping - but potentially there will be some significant outages and damage impacting further south at the Gold Coast.
Hopefully situation back all back to normal fairly soon.
