Why This Is A No Winners Jobs Report

Gonna start this note as a Negative Nancy…

Friday’s non-farm payrolls is a no-win situation for positivity seekers.

If it comes in too hot, the Fed’s done with cutting rates until March.

If it comes in too cold, the economy’s slowing just as Trump uncertainty is picking up…

If it comes in just right, the ‘what now?’ drift continues…

Luckily, we don’t care about seeking positivity.

Because what I’m about to write is akin to blasphemy.

I’m bearish the S&P 500.

Wait, no.

That’s too far.

I feel dirty and disgusted with myself.

brb gonna take a shower.

…

Cleansed.

I’m NOT bearish.

I’m just more future bullish than current bullish.

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