Macro Morning

By Chris Becker 

The May US non farm payroll was one of the weakest job prints since the GFC, which of course meant that Wall Street rallied as this structural problem will result in lower rates by the Fed. The USD fell to a two month low against almost everything, with Euro breaking out of its near year long decline, while the anticipated trade war with Mexico fizzled out as Trump removed the threat of tariffs over the weekend.

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