In his latest Macro View, Bloomberg reporter and macro commentator, David Finnerty, explains why investors are better off ignoring today’s payrolls report – where “any weakness will be attributed to hurricanes, while a beat on payrolls or wages would be seen as supporting a Federal Reserve interest rate increase in December” – and instead focus on Europe, and specifically the next ECB meeting which will set the stage for the next big move in global risk.
His full note below.
Looking for the Next Treasury Driver After Payrolls