BlackRock's Rieder Questions Deep Recession Talk After Strong Jobs Report

The video discusses the skepticism around the deep recession narrative, analyzing economic indicators such as employment and cyclical trends. It highlights the slowdown in goods employment and temporary hiring, while noting the stability in non-cyclical sectors like healthcare and education. The cyclical slowdown is evident in industrial and retail sectors, questioning the deep recession story.

What does the speaker suggest about the cyclical momentum in the upcoming report?

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What is the speaker's overall takeaway regarding the deep recession narrative?

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