Need to Know: A ‘mini bubble’ will get the S&P to its next record high, says Barclays

Thank you U.S. Labor Department for spoiling a long holiday weekend.

On the heels of some dazzling Independence Day bashes, traders are back at their posts ready to digest big data that’s coming up.

There’s a lot riding on June payroll numbers, where a bigger-than-expected bounce from May’s dismal 75,000 rise could muddy the waters for a July Fed interest rate cut, even if investors and President Trump are clamoring for it. And another big miss for jobs could mean more highs for the Dow and S&P 500, which closed out Wednesday’s shortened session with records.

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