“Markets can handle 25 bps” (heard in DEC 2015 and AUG 2016)– in other news SP500 closed down -0.12% in AUG after having 7 down days in the last 9 on rate hike fears; can markets handle another hike into a slow-down? Perversely, best case for stocks/bonds is a slightly worse jobs print (no hike) - gotta love super #LateCycle labor data.
Here's a video with my take on "What Happens To Stocks If Friday’s Jobs Report Bombs?"
Editor's Note: The snippet above is from a note written by Hedgeye CEO Keith McCullough and sent to subscribers this morning. Click here to learn more.