China, Trade Will Be More Impactful to Markets Than Jobs Report

For a long time we talked about the economy being in a Goldilocks state: growth was strong enough to drive corporate profits higher but not strong enough to force the Fed to get aggressive. 2018 is shaping up to be the year Goldilocks finally turns into the fairy tale it was always doomed to become that.

Higher interest rates have put pressure on stocks and credit, to be sure. But also the tight economy is putting pressure on costs, from labor to raw inputs, which is making earnings growth tough. So how tight is the economy, and what are the consequences as it get tighter? It is through this lens that readers should interpret today's jobs report. Here's my take....559 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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