Thought Of The Week Quiet Markets, May Jobs Report, Biden’s China Blacklist While meme stocks and cryptocurrencies have been causing a ruckus in recent weeks, global equities were largely in a stretch of tranquillity as market watchers awaited Friday jobs report for clues on whether the Fed will be joining Team Taper. S&P500 had not traded up or down by more than 0.25% in any session for the past week but eventually closed 0.9% higher in Friday’s trading session after the release of the U.S jobs report which eased concerns that Fed would be paring back its bond-buying program and start raising interest rates. Although May’s payrolls increase of 559,000 landed below forecast, it was not too hot or too cold for investors. It signalled an inflection point in the reopening of the economy due to increased vaccinations and fewer business restrictions, as well as the fact that the...