So, 177,000 new jobs were adde

So, 177,000 new jobs were added in April, with health care contributing 51,000 of them. Sure, it's a decent headline, but let's not act like this is some major turning point. The numbers are okay, but they don’t shift the bigger picture for me. I remain firmly bearish. A modest uptick in employment doesn’t outweigh the underlying weakness we're seeing across other sectors. And to top it off, the U.S. indexes actually went up for the week—though for what reason, who can really say. Market optimism seems completely disconnected from reality right now. That said, I may be wrong. Let’s see what next week brings.

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