Unfortunately the roar is tamping down to a meow.

We have to be on the lookout for a reversal of these job numbers with so many of the earliest reopening states now reversing course. Hopefully it will be offset by the Northeastern states which are just now gathering a little reopening momentum. Although my hypothesis is that the good news on the virus front here in the Northeast might start to reverse this month too.

If we’re just lagging behind those earlier reopenings. One thing we should know by now JM - good news is great but uncertainty is still king, and reversals are likely. Although for my own personal psyche, I wouldn’t mind going into the July 4 weekend on a positive note. Markets set to open higher on this news - let’s hope it sticks. At least for today.

(In response to this post by JMHoo)

Posted: 07/02/2020 at 09:16AM

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