SPDR S&P 500 (SPY): Interesting next layer down perspective...

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Friday, 06/05/2020 11:56:14 AM

Friday, June 05, 2020 11:56:14 AM

Interesting next layer down perspective on the positive jobs news:

Tom Gimbel, head of recruitment firm LaSalle Network, says today's jobs report may offer a "false ray of light" because almost all job gains stemmed from furloughed employees kept on the books due to PPP loans. He's seeing real weakness in new hiring.

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