Liesman "You have an election happening in Nov 2024. If you are trying to help the Democrats tell me what the sense is to release in August 2024 that payrolls are 818K below what had been reported. The idiocy."
The "sense" is to get Powell to cut 50bps 3 weeks later you idiot
Mag7 was responsible for the S&P 500’s entire July gain of 2.2%, with Nvidia alone powering 46% of the index’s move. For YTD, Big Tech is 48% of the S&P’s gains, with NVDA’s share at 31%.