CNBC Mad July 3, 2024
Nonfarm labor report. Were so obsessed with what the big picture data might mean to the fed that it even controls the action during the single most important week of the earnings calendar. Fortunately today it went our way with the dow gaining 322 points, s p climbing. 91 and nasdaq jumping 1. 51 but i think thats because we can breathe a sigh of relief the fed meeting is behind us why do we have to hope tomorrow will bring a weak employment number with fewer jobs added, more modest wage growth . Because after todays beautiful absence of what we call macro numbers the fed obsession will start ...