The Mystery Of Friday’s “Somehow Disappointing” Jobs Number

I mean look, I get it. And I’m sure you do too. Hourly earnings missed and it looks like the 0.1% m/m growth was the lowest since last August. If you’re so inclined you can read into that something about consumer spending and consumer spending is three fourths of the economy. And on, and on. It’s not rocket science. But…

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Why One Trader “Can’t Stop Thinking About The FOMC Meeting”

“I can’t stop thinking about next week’s FOMC meeting. Which I realize is odd given that nothing is expected, virtually nothing priced in and no press conference. Not to mention, none of the big guns is currently scheduled to speak in the days after the event. This is meant to be one of those free-pass get-togethers.”

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