Macro Dragon: Welcome to WK # 28…

Macro Dragon = Cross-Asset Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime. (These are solely the views & opinions of KVP, & do not constitute any trade or...

Payrolls Digest

Enjoy the good news while it lasts. June payrolls rose 4.8mn significantly beating consensus expectations for 3.2mn Unemployment rate fell to 11.1% from 13.3%, also falling to below consensus estimates of 12.5% Initial weekly jobless claims remain stubbornly high, rising to 1.42mn from 1.48mn and remaining above expectations Continuing claims...