March Payrolls Lowest In 27 Months, In Line With Expectations; Unmployment Rate, Hourly Earnings Drop
11th monthly beat in a row
Unemployment rate 3.5%, Exp. 3.6%, Last 3.6% Avg hourly earnings 0.3% M/M, Exp. 0.3%, Last 0.2% Avg hourly earnings 4.2% Y/Y, Exp. 4.3%, Last 4.6%
March NFP 236K, Exp. 230K
Texas Bill Would Create State-Issued Gold-Backed Digital Currency
GS: "The best case scenario for stocks is a small headline miss...call it 175k – 200k range. Stocks don’t want a surprising print in either direction (big beat investors will stress over inflation and continued rate hikes / big miss investors will stress the HARD LANDING)."
Closing times: equity futs 9:15am rates futs 11:15am rates & credit noon Fx trades all day
Israel Strikes Lebanon After Barrage of Militia Rockets
BRICS Nations Developing "New Currency" As Quest For Global De-Dollarization Accelerates
Nobel Prize Winner Says ChatGPT Paves The Way For Four-Day Week