More On Why We Think Payrolls Were A Head-Fake
Highlights
Watch for downward revisions to payroll estimates
Corporate tax hikes would weigh on productivity and employment growth
Revisiting the risks to our base-case views
Momentum continues to drive equity markets, as it can’t be about the fundamentals
Key Takeaways
The Shanghai Composite gave up early gains and closed with a -6.6% drubbing and the CS…
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