The monthly report could be the wake-up call Wall Street has been avoiding.
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00:00In anticipation of tomorrow's jobs report, the surprise is really mostly to the downside, okay?
00:08So we had bad claims numbers today, bad unemployment numbers in terms of people going on unemployed roles.
00:17So now it's a matter of can we sustain 100,000, 200,000 job prints month over month in light of read the news.
00:28Read about the headlines I'm seeing every day is layoffs and job freezes for new hires.
00:38So when we think about where the market's going, the word is complacency.
00:45The market's not really looking at what's going on in real time.
00:49They're kind of hoping and praying that tariffs don't occur, that they get pulled back.
00:54So I would be a little bit more conservative going into the summer here, and there's a lot more downside than there is upside in jobs numbers.
01:03There's a lot of