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Tom Essaye Interviewed by Yahoo Finance on July 1, 2021

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Jobs Day

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Jobs Report Preview (Could It Make the Fed More Hawkish?)

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Important Economic Data This Week

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Market Multiple Chart

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What Can Go Right and What Can Go Wrong?

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What the Disappointing Jobs Report Means for Markets

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Stimulus Update and Jobs Report Preview

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A Historic Week Finally Arrives

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Was the Jobs Report an “All Clear” for Markets?

What’s in Today’s Report:

  • Was the Jobs Report An “All Clear” for Markets?
  • Is a “V” Shaped Recovery Happening?
  • Weekly Market Preview:  Fed Meeting Wednesday
  • Weekly Economic Cheat Sheet:  Jobless Claims Remain the Key Report

Futures are modestly higher thanks to momentum as markets extend Friday’s rally following a quiet weekend.

Economic data was mixed overnight as Chinese exports were better than expected (-3.3% vs. (E) -6.5%) while German Industrial Production missed estimates (-17.9% vs. (E ) -16.2%).  But, neither number was bad enough to turn the bullish momentum.

Protests continued across the U.S. and were mostly peaceful, but this remains largely a non-issue for markets.

Today there are no economic reports and no Fed speakers so re-opening headlines and virus trends will drive trading, and as long as there isn’t any materially negative news on either front, the bulls will likely remain in charge.