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JUNE JOBS REPORT: -U.S. payrolls increase 4,800,000 -U.S. unemployment rate falls to 11.1% vs 13.3% The rebound in the U.S. labor market accelerated in June as broader reopenings spurred more hiring last month, though filings for unemployment benefits remained elevated last week as coronavirus cases picked up.

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Crypto Bonaparte 🦅

@cryptobonaparte • 4 Years Ago

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JUNE JOBS REPORT: -U.S. payrolls increase 4,800,000 -U.S. unemployment rate falls to 11.1% vs 13.3% The rebound in the U.S. labor market accelerated in June as broader reopenings spurred more hiring last month, though filings for unemployment benefits remained elevated last week as coronavirus cases picked up.

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@DrEllisJaruzel • 4 Years Ago

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3 key points here: 1) I suspect we will get revisions down within the next 45 days, so this may be overly rosy. 2) Even with some stemming of the bleed, all of the metrics are still abysmal by historic standards. 3) With a range of supports about to expire and lock downs likely to be implemented again, this may be the macroeconomic equivalent of a bull trap.

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@DrEllisJaruzel • 4 Years Ago

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3 key points here: 1) I suspect we will get revisions down within the next 45 days, so this may be overly rosy. 2) Even with some stemming of the bleed, all of the metrics are still abysmal by historic standards. 3) With a range of supports about to expire and lock downs likely to be implemented again, this may be the macroeconomic equivalent of a bull trap.

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Crypto Bonaparte 🦅

@cryptobonaparte • 4 Years Ago

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I agree with your line of thinking. This market behavior seems like it’s luring bulls. The market doesn’t seem to be pricing in the expiring supports nor actual ramifications like mass restaurant closings. We are already in recession, and the indicators/metrics mirror pre Great Depression times.

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Crypto Bonaparte 🦅

@cryptobonaparte • 4 Years Ago

...

I agree with your line of thinking. This market behavior seems like it’s luring bulls. The market doesn’t seem to be pricing in the expiring supports nor actual ramifications like mass restaurant closings. We are already in recession, and the indicators/metrics mirror pre Great Depression times.

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aristopurp

@aristopurp • 4 Years Ago

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The bull run will continue as states continue to open up and the virus slows down. Once the economy opens back up and the recovery isn't as great, that's when the drop will probably come and reality strike down.

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aristopurp

@aristopurp • 4 Years Ago

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The bull run will continue as states continue to open up and the virus slows down. Once the economy opens back up and the recovery isn't as great, that's when the drop will probably come and reality strike down.