IMCV - Non-Farm Payrolls Show The Economy Healing But The Challenge Lies Ahead For Stocks

• The US economy added 431,000 jobs in March, which was about in line with expectations when accounting for previous months being revised upward.
• The economic damage from the coronavirus pandemic has mostly healed, with the unemployment rate low and the labor force participation rate nearing the pre-pandemic levels.
• There are a lot of people reading the tea leaves in the yield curve, but as manipulated as it is by QE, I wouldn't place too much emphasis on it.
• What the real problems for stocks are and how to think about the economy as more data comes in.

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