It’s going to be all about the jobs report. In recent months and years, we’ve seen fewer and fewer jobs being created:
While the unemployment rate creeps ever-higher:
Of course, the common narrative these days is:
- rising unemployment will force Powell to cut rates;
- he’ll slash them big time at the next FOMC on the 17th;
- stocks will blast to lifetime highs and never look back
I agree with the first two points. The third one, I think, will surprise folks.
