Hard Data Catching Up to Soft Data
Until Friday’s jobs report, the hard data that investors had at hand was mildly nauseating and is worth revising a Bank of America Merrill Lynch report out in April. That Credit Market Strategist report looked at the disparity between extremely bullish soft data and what appeared mildly bearish hard data. With Friday’s unemployment number coming in at a strong 211,000 jobs – and the unemployment rate at 4.4% approaching the
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