On Tuesday, I posted a picture of an optimistic headline from Yahoo. It said a strong jobs number on Friday could give the market a boost and I viewed it as out of place. Generally the headlines at Yahoo are news, not cheer leading.
Anyway, we found out the result today and the three-day buildup to today's jobs number resulted in a 3.4% drop as of 3 PM because those numbers were absolutely horrible relative to the optimistic expectations.
BEA: Real GDP increased at 1.6% Annualized Rate in Q1
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From the BEA: Gross Domestic Product, First Quarter 2024 (Advance Estimate)
Real gross domestic product (GDP) increased at an *annual rate of 1.6
percent ...
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