Image Source: Pixabay
 

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.

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