People are finally realizing that the jobs picture has weakened
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It took the dramatic downshift in non-farm payrolls today for people to wake up to the drip-drip of weak jobs data coming out of the US. This put the equity market into a funk and caused bond yields to sink back to where they were on February 27th before the economic bulls took over. The question now is not whether there has been slowing. The question is whether that slowing will continue. Quick thoughts below
People are finally realizing that the jobs picture has weakened
People are finally realizing that the jobs…
People are finally realizing that the jobs picture has weakened
It took the dramatic downshift in non-farm payrolls today for people to wake up to the drip-drip of weak jobs data coming out of the US. This put the equity market into a funk and caused bond yields to sink back to where they were on February 27th before the economic bulls took over. The question now is not whether there has been slowing. The question is whether that slowing will continue. Quick thoughts below