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Each week I closely monitor the state of the economy because the macro fundamentals ultimately affect corporate fundamentals (revenue, earnings and cash flow growth) that determine the intrinsic value of any company, and thus eventually its share price.
One of the most critical reports I (and many other investors) watch is the monthly jobs report from the Bureau of Labor Statistics or BLS. That's because strong job growth leads to rising wages and according to JPMorgan Asset Management, 68% of the US economy is driven by consumer spending (as of Q4 2018).