Cherry-Picking.
Last week provided a perfect example of how you can create any narrative you like simply by cherry-picking data. The glass-is-half full crowd needed to look no further than central banks around the world last week starting the interest-rate cutting cycle, job openings data showing an orderly resumption of pre-COVID labor market normality backed up by stats showing unemployment at an economically-ideal 4% and over two-thirds of stocks now trading above their 200-day moving average.
Team Trouble Ahead could instead point to a scorching, out-of-control Jobs Report last week that is wrecking the…
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