Leaders & Laggards 3.7.25

Leaders & Laggards 3.7.25

(+/-) Unemployment report was a touch light, 151K Jobs added vs 160K expected, unemployment rose to 4.1%, affirming the slowing not craterin?

(+/-) Fear gauges are mixed, but mostly it’s just stocks, which adds to the case for a pretty standard breather more than something more ominous…Volatility (VIX) has jumped a bit, but Credit Spreads have experienced a ripple at most. Might be fair to ask whether China and Germany stimulus means less appetite for US debt because they will be funding their own deficit initiatives instead?

Market held where it had to…via Bloomberg & Koyfin…

Held the line…and pretty washed out?

Leaders & Laggards:

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