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Fed's Labor Market Conditions Index Offers No Bad News Hope For Bulls
Following Friday's "great" jobs data - which tumbled stocks - investors were looking hopefully at this morning's Labor Market Conditions Index for any bad news that was good enough to hint that The Fed will stay lower, longer and extend liftoff just one or two more quarters... they were disappointed...
While the LMCI did drop modestly, it (unfortunately for the bulls) does not offer the kind of pending doom that would warrant The Fed to give up all credibility and fold on a June rate hike...
Charts: Bloomberg
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On a slow road to Nowheresville.
IT'S SO AWESOME!!!
The 'cross bucks with the "Bridge Out" sign is just around the next curve.
(He's been thinking for the last many years.)
(Dear Tylers) EVERYTHING is AWESOME includes both GOOD and BAD (still though expect a -3% sudden drop in US indices)
More tech company layoffs, like HP. In the mean time adjusted jobs show gains.
Labor participation rate is the lower than in the late 1970's. Part-time jobs have replaced fulltime jobs for many.
How can any of this be good? Only perception.
Also, money velocity has been dropping.
I didn't know the Fed had any credibility left to give up . Will kicking the can again mean a ' fold ' ?
I believe they own the bank, boss.
The thing about bad news is you'll only hear about it after you've lost all your money.
Is this awesomeness the reason for the rally? Wtf?