Freaky Friday and investors are clearly spooked. NFPs this morning didn’t just miss, they missed by a mile and a revision lower for the prior month isn’t helping matters. The labor market has been top of mind recently amid continued signs of cooling, or what Powell chose to refer to as ‘normalization’ on Wednesday, and this morning’s weak employment data really seems to be the straw that broke the camel’s back. Drilling down to the numbers, headline NFP came in at 114k versus 175k expected whic…
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