06042021 :: Friday finance
A partial digest
All assets reacted to the jobs data at the end of the week and what it says about economic support and any recovery. The health of the labor market, as discussed here week after week, is central to all else. Weakness there implies more need for support, which fuels various bets.
On the back of a 3.6% rise in YoY PCE for the month of April, the jobs report released Friday for May once again disappointed. High inflation readings are fleeting — a feature of the havoc the pandemic wreaked on the energy industry in particular — while…