Upon my data, release hell
BLS Revision cometh
In this report: Commitment Of Traders on Gold, Silver, S&P500. Be mindful that there will be the BLS jobs revision number on Tuesday.
Many are touting this BLS revision to be an -800k reading. If you are unsure what that means? It’s bad….very bad. Indicating the US has lost about net 1.5million jobs since 2023. If it comes out below 800k revised, I honestly dont think I even believe it- the administration runs the BLS now.
Markets will be extremely volatile, but they will buy the dip. What is the trade?
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Make no mistake, the bid that underpins all weakness is FOMC to cut 25bps in September. Read below
