Good morning. Friday was another bad day for both stocks and bonds, after the jobs report suggested the Fed had more work to do to bring inflation down. Overreaction to single data points will be the norm until all the little bits of information line up to send a single message — that the Fed has done enough. A few reflections on investing in such a world below. Email me: Robert.Armstrong@ft.com.
早上好。周五是股市和债市的又一个糟糕日子，此前就业报告显示，美联储在压低通胀方面还有更多工作要做。对单个数据点的过度反应将成为常态，直到所有的小信息汇集起来发出一个单一的信息——美联储已经做得足够了。以下是对在这样一个世界中投资的几点思考。给我发邮件：Robert.Armstrong@ft.com。
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