and all this was before today's blowout NFP! as I continue to write, the data is a Rorschach test for whatever you want to make it. but I agree that Europe will continue to fare far worse than the US
NFPs were truly astonishing. After the ADP number my guess was slightly above expectations, but this was a bummer. And the interpretations I've read outright support my point: everyone reads the data the way he wants to see it. But things in Europe look dire as I can't think who can step in and takeover Germany's role. ECB will have to move way before the Fed does.
and all this was before today's blowout NFP! as I continue to write, the data is a Rorschach test for whatever you want to make it. but I agree that Europe will continue to fare far worse than the US
NFPs were truly astonishing. After the ADP number my guess was slightly above expectations, but this was a bummer. And the interpretations I've read outright support my point: everyone reads the data the way he wants to see it. But things in Europe look dire as I can't think who can step in and takeover Germany's role. ECB will have to move way before the Fed does.