Presenting The Perfectly Clueless Histogram Of Today's Sellside NFP Forecasts
There is a perfectly trimodal head and shoulders formation in today's histogram of sellside NFP forecasts. What that means for the actual number is that nobody has any clue what it will be. One thing we do know: that far right outlier, that's Joe LaVorgna... The same JoLavorgna who predicted 300K on the May NFP, only to see the final number come at 54K. For those asking, yes, he is still employed.
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