Overblown Jobs Report Tells Us Nothing

Honestly, I’m getting tired of these monthly jobs reports out of the US. Sure, it’s good to know the minute-by-minute direction we’re traveling ... but the onslaught of investor analysis and market volatility after the fact is enough to make me want to turn off the screens by 8:45 a.m. eastern.

If you’re reading today for our prognostication on the upcoming July Nonfarm Payrolls then I’ll tell you exactly what might happen: