THIS NFP WAS A GOLDILOCKS REPORT. THE BREAK-EVEN PAYROLL RATE HAS DROPPED BECAUSE NET IMMIGRATION HAS TURNED NEGATIVE, WHICH MEANS THE REAL SIGNAL TO WATCH IS WAGES. WAGES DID NOT PICK UP, WHICH IS COMFORTING FOR THE FED. BONDS RALLIED, OCTOBER IS NOW AT 20% PRICED, AND THE MARKET MAY START TO PRICE OUT DECEMBER. ...