Prudent investors need to remember that history is instructive, but the road ahead is not always the same as the road behind.
U.S. payrolls have been revised down by 818,000 for the year ending in March. This is the biggest downward revision since 2009.
BIGGEST PAYROLL REVISION SINCE 2009 and the SPX open higher!! Love or Leave it!
The FOMC minutes were dovish and indicate that the Fed is poised to cut rates in September.
