Daily Report | June 7, 2024 | Rates Up But Good Day To Buy
Stocks are right around flat despite a big jobs report (good news = bad news). The Nonfarm payroll report showed 272K new jobs, well above the 185K forecasted. We did have a marginal amount of downward revisions to prior months of 15K. The unemployment ROSE to 4.0%.
However, according to the household survey, we lost 408K jobs. The variance could be due …
Keep reading with a 7-day free trial
Subscribe to Yield Hunting to keep reading this post and get 7 days of free access to the full post archives.