Afternoon Update – Not a Pretty Week For Stocks, But Great For Gold, Oil and Yields.

Circling back to the March Jobs report which came in with a solid 4-sigma beat — Full-time jobs actually saw a decline of -6000, while Part-time jobs increased by +691,000. This isn’t a one-off, it’s a trend. Since March 2023, the number of full-time workers has collapsed by 1.347 million while the number of part-time…