May Payrolls report; not all it’s cracked up to be
On Friday we noted that the May Payrolls report was ‘services’ laden and late stage stuff. Early stage stuff like manufacturing is in the dumper.
There is another consideration making the rounds, and that is that the Household survey tells a completely different story about the vaunted Payrolls dinger. The contraction in the work week was not broadcast nearly as much as the headline number and then there’s this from the Daily Shot.
Pardon my artwork. I could not quite get Hazel to wipe that stupid smile off her face. #creepy
For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by Credit Card or PayPal using a link on the right sidebar (if using a mobile device you may need to scroll down) or see all options and more info. Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter@NFTRHgt.
