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That's a big kick in the guts. Payrolls is much weaker, and the U.S. lost -23k jobs in March, well below expectations of +80k. Huge downward revisions, too: May now +63k (instead of +129k), June now +20k (down from +53k). Very bad news. Revise down your views substantially.

It’s all up to Cassidy. Now would be a great time to show that you actually possess a spine, Bill.