Buckle Up: A Monumental Week For Macro Watchers Looms

This'll be a huge week on the macro-market front. There's a Fed meeting, of course, but that'll likely be the least exciting -- and the least tradable -- development. The marquee macro event's obviously the July jobs report in the US. We're at, or near, an inflection point for the world's largest economy. At some point, the NFP headline will come up negative and the game will change. That almost surely won't be this week, but it's coming. Sooner or later. July, you'll note, marks one year at t

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One thought on “Buckle Up: A Monumental Week For Macro Watchers Looms”

H-Man, in looking at the chart and her comments, all other recessions had a rapid increase in unemployment. Maybe, just maybe, this rocket ship hasn’t taken off at this point in time but when it does — it means the unemployment rate is moving at lightspeed. So not sure it is correct for her to suggest the “rule” got it wrong this time since the issue of acceleration remains a question mark.