Jobs Friday. Tax data said for July said yooge upside surprise. The as/of date is July 12.
A recovery in withholding tax collections that began in mid June, ended in the last week of July. The one time annual tax windfall is now fini, and more spending is coming. Here’s what it means for the stock and bond markets.
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Meanwhile- This is a 45 minute bar chart. At 3:30 AM it’s saying we’re either at the bottom of this pullback, or half way down. 3335 is key hourly resistance trend. Liftoff if they clear it.
