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Oil prices are on the back foot on Friday for a third consecutive day, flirting with a possible break lower. OPEC+ decision to delay output normalization by three months failed to convince markets. The US Dollar Index dips to a near one-week low ahead of the US Nonfarm Payrolls release. submitted by /u/Denchock |
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TKL: The “Fed pivot” is officially DEAD – Stocks are crashing after the US added nearly 100,000 MORE jobs than expected in December. The unemployment FELL to 4.1% just after the Fed said the labor market was “weakening.” So, why are stocks crashing? Let us explain.
To begin, the US economy added 256,000 jobs in December, or 92,000 MORE than expected. On average, the US economy