Macro Strategy Insights

With “Exceptionalism” Like This, Who Needs Enemies?

Last weekend we suggested that “I Like My Exceptionalism to Be Exceptional” and highlighted data that was anything but exceptional. As the Citi Economic Surprise Index continues to fall, and CONsumer CONfidence showed anything but confidence, it seemed like a good idea to add to last weekend’s theme. More on “Exceptionalism” In Jobs Let’s start with “full-time” jobs. Full and part-time jobs come from the “Household” part of the NFP data. From my perspective, full-time jobs are more important than part-time jobs. There are certainly other views on the matter, but I prefer full-time jobs. I find a few things ... With “Exceptionalism” Like This, Who Needs Enemies?

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