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Macro
May jobs: 172K vs 85K expected. The economy is strong. Markets sold off anyway.
Why? Strong growth means the Fed stays higher for longer. That hurts growth stocks.
The real risk is…
Pullback, Not Panic: FOMC, Hormuz, and the Case for Patience
Strong jobs, sticky energy risk, and higher yields are testing growth stocks — but the bull market is not broken yet.
