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10-3-24 When A Crystal Ball Clouds Investor Judgement
A preview of tomorrow''s employment report an the phenomenon of "labor hoarding;" a weaker jobs report will not necessarily be recessionary. Markest are retesting support, and if it cannot hold, will trigger a sell signal. Lance's FEMA rant & JOLTS preview w Michael Lebowitz; the labor market is behaving like the housing market: no one is doing anything. What will the Fed do in response to poor jobs numbers? Interestingly, QT is conspicuously absent from latest Fed discussion notes. Market Breadth continues to soar. You can't make this up: Hurricane (James T.) Kirk: this wlll be comedy gold!…
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