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RE: TIB: Today I Bought (and Sold) - An Investors Journal #467 - Marijuana, Soybeans, Bitcoin
Jobs number is probably where it needs to be to give the Fed room to make another cut and align with the market sentiment. However, I think visibility past that is tough with numbers that are still expansionary.
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This is the chart to be watching. When it reverses, there are problems coming
The challenge seems to have been there were not enough workers to take up the jobs. Two things can move to address that - wages climb or participation improves.
Source chart here from St Lois Fed - updates each Friday https://mymark.mx/U6Rate