MM119: When 'good' news is 'bad' news for markets & Are OPEC+ fighting a losing battle?
Market Maker
00:00
The Fed's Expectations for a Recession
Average hourly earnings 0.4% higher than expected, unemployment rate 3.6%. S&P pop about 10 points because the headline figure contradicted what I was saying yesterday's data. It's amazing how expectations were so wrong on this issue, says David Blanchard. The economy is not in a recession and rates haven't peaked at 3%. There are 5%. How could both of those things have happened? he asks.
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