Early Update – Payrolls Unemployment Rate Triggers Recession Warning; Mega Caps Save The Session

11:59 a.m. ET This morning’s U3 (U3 rate measures the percentage of the civilian labor force that is jobless, actively seeking work, and available to work, excluding discouraged workers and underemployed persons) triggered a real-time recession warning… the Sahm Rule, developed by former Fed economist Claudia Sahm, which is designed to identify the start of…