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A Big Move Is Brewing In Crude
In this week’s Dirty Dozen [CHART PACK] we discuss issues with the payroll data and why it’s grossly overstating job growth. We then walk through bonds, CPI leads, and secular thematic rotations, before ending with a look at major compression in oil and a way to play it, plus more… 1. Bonds sold off on Friday following the stronger-than-expected jobs report. But we also saw the unemployment rate, which is derived from the household survey, jump to 4%. And the latter is likely a more accurate reflection of what’s going on in the labor market. BBG’s Anna Wong writes that “nonfarm payrolls are overstated, ... (full story)
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- Posted: Jun 10, 2024 10:40am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 269
