On the November Jobs Report
Powell says the labor market is “very strong.” Based on this report. It’s not even strong.
Powell says the labor market is “very strong.” Based on this report. It’s not even strong.
The good news: Powell may or may not listen to Trump. He does listen to the yield curve.
A US/China trade deal will be done. For 90 days volatile markets will be told it won’t.
While nobody on Wall Street believes the road to a broad, final trade agreement between the two nations will be easy or free of risk, the thaw in relations has boosted investors' hopes for a deal. "Negotiations over those 90 days will no doubt be rocky, but this is the all-clear signal that nobody is going to walk off a cliff," noted Donald Luskin, chief investment officer at research firm TrendMacro.
This is the all-clear signal. Both nations made concessions, both saved face.