Observations from a Former Soothsayer
Keeping in mind yours truly is out of the predictions racket and these are merely “observations”, I give you my latest thoughts:
First and foremost, when it comes to today’s employment report, I can sum up my opinion by saying this.
It makes no economic sense to have such strong back-to-back employment reports given how overall weak other economic factors have clearly been of late. Either many of these other economic factors were grossly off base, or the employment numbers have been nicely goosed. For the record, I go with the latter (but we won’t know until way after the election and by then, the goose shall surely been cooked).
