Yes, I know it doesn’t sound like a rational thing to say, “bad is good”. However sometimes markets are not fundamentally rational but more technically motivated. So, when was already clear that investors would cheer any FED rate cuts, the disastrous non-farm payrolls number last Friday was a golden parachute, because it basically means an open road for Powell and his buddies at the board to speed things up.
Photo by Sharon Mccutcheo.
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