Morning Note | July 6, 2023

Jul 06, 2023

∙ Paid

Good Morning!

The markets are falling after the ADP jobs report showed 497K new jobs in June fearing more rate increases from the Fed. The S&P was down about 1% with the Nasdaq down -1.2%. The increase in jobs was more than double the estimate.

The Fed minutes confirmed that Fed Chair Powell is committed to seing the 2.0% target reached. Dallas Fed P…

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