Ok, well all eyes will be on the U.S. in the week ahead.
U.S. March Nonfarm Payrolls Rose 103k; Unemp. Rate at 4.1%
In any event, here is some of the early analyst commentary that will of course continue to trickle in throughout the day from whoever hasn’t already headed out to the bar (which is where I would have been by now on a payrolls Friday were this two years ago).
U.S. Feb. Nonfarm Payrolls Rose 313k
Avg. hourly earnings Y/y 2.6%
This is not going to be for the faint of heart.
Looks like a barnburner.
“Such seasonality is truly remarkable and unlike anything we have seen before.”
“…we know of no melt-up that had legs of more than a few months after the point that irrational exuberance went full retard, as is happening at this very moment.”
That could have been better.
As this year melts into next, we thought we’d revisit five key problems the country faces for readers who have a keen interest in the extent to which America, while not the barren, bone-strewn wasteland imagined in Donald Trump’s inauguration speech, does have a set of rather serious issues it needs to address in 2018.
Growth, jobs, legislation, polls, and the Dow.
It’s a hit/miss.
… but the far more important question is whether any of the three explanations posited above have any merit. Because if they do, we are in deep shit as a society.