A.M. Update – Payrolls Shocker

S&P futures were up +0.2% heading in to the Payrolls report. They are currently down -0.9%, dropping in straight line fashion with Treasuries on a much, much stronger Payrolls report than expected. The September Payrolls report was expected by just about everyone, to be the weakest of 2023 with consensus looking for 170k jobs added…