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Resurrecting A Failed State
The week ahead features the first monthly payrolls report since Joe Biden assumed the presidency.
The market is looking for a marginally positive print following December's disappointing report, which showed the first monthly decline since April.
You're all familiar with the narrative. The labor market decelerated, stalled, and finally slammed into reverse last month, mostly due to ongoing malaise in the leisure and hospitality industry, which lost nearly a half-million jobs.
Restaurants an
