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Giuliano Giacaglia
@giu
US economy adds 175k jobs in April, below expectations of 238k. The unemployment rate rose to 3.9%, above expectations of 3.8%. That caused Dow to rise due to expectations that the FED may have to pivot earlier than expected Stagflation vibes
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NickelJ3
@nickelj3
You need inflation too to make it stagflation. I don't see the 3% yoy out there doing that. Signs are showing the consumer tapping out, see $SBUX. Contrast that with the growth in US manufacturing. More like outright deflation but mild as long as the liquidity sticks around
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