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 …