The POSX bounced back today...as we figured it would...and the Comex PMs pulled back today...as we figured they would. So now what happens tomorrow? As you know, I'm expecting a "below expectations" US BLSBS and, if I'm right, we should finish the week pretty well. However, if I'm wrong...
Well, let's just hope that I'm right. Here again is the chart of last year's birth-death adjustments vs this year. You can clearly see the correlation, which would seem to suggest a only a small positive adjustment tomorrow. Will this be enough to make the "jobs number" disappoint? A guy can...
