U.S. Document Vault
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The short answer to the question posed by our title is: We don't know. But that's the point, because we shouldn't be needing to ask the question at all.... More by Ian Shepherdson
In one line: U.S. data distorted by the holiday weekend, but some glimmers of hope.... More by Ian Shepherdson
Let's get straight to the point: It's very unlikely that July's payroll numbers will be as good as June's. Too many direct and indirect indicators of employment and broader economic activity are now moving in the wrong direction.... More by Ian Shepherdson
In one line: Make the most of the good news.... More by Ian Shepherdson
In one line: Disappointing U.S. data yesterday, but the rate of spread of Covid has peaked.... More by Ian Shepherdson
ADP's measure of May private payrolls undershot the official estimate by 5.6 million, surprising everyone after it nailed the April catastrophe.... More by Ian Shepherdson
In one line: The appearance of normalcy is misleading.... More by Ian Shepherdson
In one line: A second straight gain, but no upward momentum.... More by Ian Shepherdson
In one line: The rate of increase of U.S. cases is slowing; daily new cases to dip in late July?... More by Ian Shepherdson
Today brings a raft of data with the potential to move markets, but we're far from convinced that the two most closely-watched reports--ADP employment and the ISM manufacturing survey--will tell us much about the future.... More by Ian Shepherdson
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