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Payroll miss

Jason Goepfert
2021-01-08

The focus this morning has been on the big miss in Nonfarm Payrolls, some expecting it to derail the relation trade. It's worth noting, though, that investors have taken the opposite side of the payroll surprise since July. Every time payrolls were better than expected, stocks sold off during the day. The two times payrolls missed, stocks rallied.

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