Friday’s jobs numbers came in 104,000 more than expected, but the two previous months were revised down by a significant 75,000.
Managing Director of TJM Institutional Services, Jim Iuorio joined Scott Shellady on Cow Guy Close to talk about what this means in terms of a looming recession and the Federal Reserve’s continued rate hike campaign.
Scott’s prediction: NBER will change the definition of recession, slowly hedging on its decades-old definition of two back-to-back quarters of negative growth.