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Fed wanted weak jobs report -advisor

05/07/2021 | 03:15pm EDT

On the heels of a surprisingly weak April jobs report, Ladenburg Thalmann Asset Management CEO Phil Blancato tells Reuters' Fred Katayama that data justify the Fed's easy monetary stance. He also says investors should take some profit and put the proceeds into small cap value stocks.


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -1.01% 0.74808 Delayed Quote.-1.78%
BRITISH POUND / US DOLLAR (GBP/USD) -0.96% 1.38032 Delayed Quote.1.93%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.00% 0.8015 Delayed Quote.3.16%
EURO / US DOLLAR (EUR/USD) -0.45% 1.18592 Delayed Quote.-2.47%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.00% 0.013488 Delayed Quote.-1.50%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -1.16% 0.6933 Delayed Quote.-2.33%
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