No Hope No Change

If the normal correlation between the jobs report and the Philly Fed holds up, looks like John Hussman will get his negative print with the July employment report. Which will set the cat amongst the pigeons, for sure, as the administration will go berserk. Mr “Hope and Change” has already thrown that idea over the side and re-branded himself as a attack pit bull. What will he do when he starts to panic (if he hasn’t already)? Michelle had better get those last vacations in now, I would say. Chart thanks to … of course, zero hedge.

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