One thing we’ve learned in recent days is that holiday-shortened weeks can be just as fun as the five-day variety. Tuesday morning (a substitute for Monday morning) brought angst and excitement in the form of a 500-point meltdown in stocks matched by a six-week low on the 10yr T-Note yield as it hit 2.78%. That’s what a little Italian constitutional crisis can do for ya. The ugliness in share prices reversed and recouped on Wednesday (Italians calmed down), only to be reconstituted on Thursday as the US tax increase on imports put the rest of the world in a bit of a tizzy. By Friday morning (which feels like Thursday), market watchers were relieved to know that we would finally see a calm day in the form of a simple monthly jobs report.