The monthly jobs data just came out, and it beat even the most optimistic expectations.
Specifically, the range of expectations topped out at 290k, which was well south of reality. Indeed, looking at the chart above, it seems that actual (blue bar) beats out expectations (orange line) virtually every single time. Hey, fellas, maybe work on your expectations model, eh?
At the moment, it’s taken the steam out of equities. Here’s hoping it lasts!
