The July Jobs Report Is Total Bunk, Here’s Why

Stocks fell this morning after the Bureau of Labor Statistics (BLS) revealed a way stronger than expected July jobs report. The Dow, S&P, and Nasdaq Composite all sunk on the “good news is bad news narrative.” “This is hot. For the Fed, this is another 75 basis point hike,” said Diane Swonk, KPMG’s chief economist. … Continue reading The July Jobs Report Is Total Bunk, Here’s Why