Hospitality jobs boom as US prepares for World Cup

US jobs figures have beaten expectations for the third consecutive month, with a notable boom in the hospitality sector ahead of the World Cup. This persistent labor market strength complicates the outlook for Federal Reserve policy, suggesting interest rates may stay higher for longer.
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↓ SHORT-2% target+1% stop1-2 weeks
Short SPY tactically, as a third straight month of hot jobs data likely pushes back the timeline for Fed rate cuts.