Non-farm data released, can the beautiful country's economy "not go down hard"?
The latest non-farm data has just come out—unemployment rate remains unchanged, market reaction is tepid; new jobs added, although lower than expected, did not decline significantly, considered a "mild positive."
To put it bluntly: this is not the "recession signal" the market wants to see, nor is it the "collapse expectation" that old Trump desires.
The beautiful country's economy isn't softening, so the Fed has no reason to easily shift to a dovish stance.
The biggest significance of this round of data is: do bulls want to take off by leveraging this? The timing isn't right yet.
Want to loosen up? The Fed needs to first see more painful data.
