US equities extended their winning streak today to a total of four consecutive positive sessions as the incoming data lent support via a disinflationary message. This morning’s softer ADP employment data (177k vs 195k exp) was the second reference point of the week to show signs of a cooling labor market. This was also delicately paired with a slightly weaker revised Q2 GDP (2.1% vs 2.4%) which was well-received as growth at a more tempered pace (for now). The PCE price deflator helped sentim…
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