Windfalls And Pitfalls

There's no respite for bears. Headed into the US jobs report, there were any number of NFP/UNR/AHE permutations that could've precipitated a downdraft in equities, or at least a pullback. None of them panned out. True, the release had "something for everyone," as I put it, in that those expecting a recession could say the headline masked evidence of a meaningful slowdown, but for equity bears on the wrong side of 2024's "heads bulls win, tails bears lose" dynamic, that was no saving grace. Far