MM #104 – Payroll Problem and Rate Readiness

The terrible US jobs report continues rocking markets. What’s really going on there? And are markets ready for a rate hike? 

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  1. Payroll Problem: We digest the bad jobs report, what it means for markets and how it should be interpreted. It goes beyond the headline.
  2. Rate Readiness: Is this jobs report everything or did the market get ahead of itself?
  3. Preview: Yellen gives us a quick analysis for jobs, but we have many more key events.

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