While volumes remained heavily depressed, this Friday’s trading day was certainly not void of vibrant entertainment! It started early with NFP. The gasps were audible as the market took a swift and unexpected punch to the gut following a stronger nonfarm payroll number. The May print of 272k was well above consensus expectations at 185k, Wage Inflation added in an uptick from 3.9% to 4.1%- and to keep things interesting- May also saw a rise in the Unemployment Rate from 3.9-4.0%. The data con…
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