
Presenting: Jobs And ‘Hope’ Versus The World
Ok, well if you were looking for a reason to think the reflation narrative isn't completely shot to shit stateside, you probably took some solace in Friday's jobs report.
As we noted before the number hit, the Mueller news that crossed at 3:30-ish on Thursday afternoon really put the dollar in a precarious position headed into Friday.
There were already enough reasons to be skeptical about this administration's ability to ever (let alone imminently) get moving on their ostensibly growth-friend
Fed speak, “really it’s all good, trust us”.