Until Friday’s jobs report, the hard data that investors had at hand was mildly nauseating and is worth revising a Bank of America Merrill Lynch report out in April. That Credit Market Strategist report looked at the disparity between extremely bullish soft data and what appeared mildly bearish hard data. With Friday’s unemployment number coming in at a strong 211,000 jobs – and the unemployment rate at 4.4% approaching the lowest level since the 1960s – does this signal that hard data may finally be catching up? Hard data – Consumer loan growth during Trump administration has rolled over Coming…
Hard Data Catching Up to Soft Data
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.