Holy Mackerel -- Wow, I Would Love To See Steve Lieman's Face When He Reports This; Payrolls Surge; Well Ahead Of Projections; Unemployment Rate Actually Ticks Down -- December 6, 2019

From The WSJ:

Holy mackerel: this is really, really incredible. I assume the mainstream media is still giving Obama the credit for the economy. 

Jobs, link here, November jobs:

• nonfarm payrolls
• prior: 128,000
• consensus forecast: 180,000
• actual: 266,000
• private payrolls:
• prior: 131,000
• consensus forecast: 168,000
• actual: 254,000
• unemployment rate:
• prior: 3.6%
• consensus forecast: 3.6%
• actual:3.5%
• manufacturing payrolls:
• prior: -36,000
• consensus forecast: 15,000
• actual: 54,000

Recession is just around the corner. 

Futures: unchanged, down if anything.

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More

CNN: "Stocks pop on good jobs report." In fact, the Dow opening was a bit lower than the Dow futures just before and after the jobs report came out. And it was not a "good" report. It was a spectacular report.

Headwinds: every story, it seems, says the job market was incredible despite the headwinds. Exactly what headwinds? The only headwinds I know:

• TDS
• consistent and never-ending negativity from mainstream business media 

Example? This article from "The Rachel Maddow Show" -- MSNBC: the writer shows that job growth slowed under Trump compared to job growth under Obama. This is so predictable. I googled: MSNBC job report today. Screenshot:

Tailwinds?

• easy money;
• everyone is employed -- employed folks pay taxes and buy more stuff;
• US House not passing any more regulations;
• US is energy independent -- this is huge and is not being reported;
• gasoline is below $2.00 / gallon here in north Texas; people have more money to buy other stuff;

What's the best way to put another nail in a solution looking for a  problem? Gasoline below $2.00 / gallon. EVs were a solution to a problem that did not exist.

This morning: