Because 2011 and 2010 were so similar, and because 2012 has started off so similarly to 2011, there’s an obsession with the idea that this year will be a repeat of last year, with a big market plunge and economic stallout in the middle of the year.
We have no idea, though in honour of Jobs Day, here’s the Non-Farm Payrolls version of this idea, via Joe LaVorgna at Deutsche Bank.
Photo: Deutsche Bank
If history is any guide, we might get one or two more decent reports before the summer swoon.
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