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The Market Is Starved for Doomish Data
The market was up 1% on a claims number. That's the main reason why stocks were up today because dialing back Fed expectations a little bit. But I mean, this is just a tiny data point. What do you think is going to happen if we have a payroll number like next month and jobs come in at 100,000 zero negative? Like this market is going to be up four or five percent in a day. The market is absolutely starved for any dovish data that comes out.