Daily Wrap – The Silver Lining of Payrolls; Bad Is Good News… Be Careful What You Wish For

I have quite a few items to go over tonight. Make sure you read the Treasury section. The market was shocked Friday, not only by the weak July Payrolls at just 73k jobs added, but the huge downward revisions to the May and June reports. June was revised lower from 147k jobs added to just…