It's odd to see the government release the employment report on a Friday holiday. I don't recall this before but maybe my memory is failing me.
The report as with many others over the past two years will be closely watched. As I write this, smaller but perhaps more effective (and, easily less fee conflicted), credit rating agency Egan-Jones downgrades the U.S. to AA from AA+ with a AA- outlook. Does anyone care? Probably not since they cared little when it was done by S&P.
If, after all the liquidity ($1.3 trillion) injections from the ECB to member countries, the eurozone implodes once again the U.S. markets will head south with them.
Let's see what happens.
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