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4/10/2019 Equity Market Appears to be Moving to the Sound of Its Own Drummer

There were several recent market moving reports, including some positive data on U.S. and Chinese manufacturing. But, the biggest news was the seemingly positive March employment data which sent equity markets up, as the initial take on the headline Establishment Survey (ES) data (+196k) fit the narrative that the soft economic patch is now passing and a recession will be avoided. Because it doesn’t fit the narrative, there has been …Read More