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Lousy Jobs Data Sent Market Soaring, Bad News is Good News
Yesterday's JOLTs report showed a significant decline in the number of job openings in the United States. In a free and fair market, this bad directional indicator of the health of the economy would have sent stocks sharply lower. But we don't have a free and fair market. We have a Fed market and the weak jobs data has traders betting that the Fed is now done with rate hikes.
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#Jobs #recession #EndTheFed
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