When the U.S. government’s official jobs report for May came out on Friday, it included a note at the bottom saying there had been a major “error” indicating that the unemployment rate likely should be higher than the widely reported 13.3 percent rate.
The special note said that if this “misclassification error” had not occurred, the “overall unemployment rate would have been about 3 percentage points higher than reported,” meaning the unemployment rate would be about 16.3 percent for May.
Economists said the big takeaway is that it’s hard to collect real-time data during a pandemic and that while the unemployment rate remains high — likely more than 16 percent — it has declined a little from April.

https://washingtonpost.com/business/2020/06/05/may-2020-jobs-report-misclassification-error/

Just to reemphasize, here’s what the BLS report says:
“ | If the workers who were recorded as employed but absent from work due to "other |
| reasons" (over and above the number absent for other reasons in a typical May) had |
| been classified as unemployed on temporary layoff, the overall unemployment rate |
| would have been about 3 percentage points higher than reported (on a not seasonally |
| adjusted basis). However, according to usual practice, the data from the household |
| survey are accepted as recorded. To maintain data integrity, no ad hoc actions are |
| taken to reclassify survey responses. |
| |
| More information is available at |
| www.bls.gov/cps/employment-situation-covid19-faq-may-2020.pdf.“
It’s not clear to me that this would change the number of unemployed. You would assume so but the 2 do not always go hand in hand.

How do we know the published job numbers are not fabricated?

It appeared there is a miscalculation from BLS, and the actual number reported is 3% higher than that of April number. Taken that in its totality, the employment picture is not so rosy as the president announced...

The special note said that if this misclassification error had not occurred, the "overall unemployment rate would have been about 3 percentage points higher than reported," meaning the unemployment rate would be about 16.3 percent for May.

https://www.greenwichtime.com/business/article/The-May-jobs-report-had-misclassification-error-15320999.php
This is the same article published in Washington Post last night by Heather Long, a long respected financial reporter. Another data point from CNBC. That’s due an error in how furloughed workers were treated in the data sample. April’s unemployment rate would have been nearly 20% absent that same error.

https://www.cnbc.com/2020/06/05/heres-why-the-real-unemployment-rate-may-be-higher-than-reported.html

Question is how can this error released pre-maturely? And this get back to @TheShadow's question...
As a result of this new picture emerged, safe assets such as high quality bonds and gold declined for the week.

From the same source, stockchart, I think this(link) maybe be easier but only allows 5 funds. The easy part is by letting you select the period easily. You have one month and all the way using start/end dates.
The best IMO is PortfolioVis. It has many more choices and you can see SD, max draw, Sharpe, Sortino and more but allow you only 4 funds. See (link) for BBN,GWMEX,TSIIX,ANBEX for 3 years. It shows how BBN SD=12 is 2-3 times higher than the others

I pasted this link in another forum as well. Some food for thought.
https://www.zerohedge.com/news/2020-06-05/nfp-jobs-data-manipulated-all-paid-ppp-loans

IMO, market moved up too far. too fast I don't really care. It seems like dot com days. You can fart in a bottle, hold it up and say "cloud" and your stock goes up. Meanwhile, I read this.
https://www.zerohedge.com/news/2020-06-05/nfp-jobs-data-manipulated-all-paid-ppp-loans
I've been earning good income on options for 2 months. I'm worried I'm getting addicted to it. I think I can make 10-12% this way, so I'm not rushing in and buying any more funds at this time. I own PRWCX and RPGAX in my MIL's account and am happy with both of them. If GMO is to be believed, then RPGAX should catch up with its higher allocation to international holdings.

You should be nervous!’—legendary money manager slashes stock market exposure from 55% to 25%
https://www.marketwatch.com/story/you-should-be-nervouslegendary-money-manager-slashes-stock-market-exposure-from-55-to-25-2020-06-05
/As investors we should always get nervous when we start making too much money too easily. As a foolish youth I once ignored that rule while speculating on interest rate futures, and got my fingers slammed in the door very quickly and very hard./
Do you agree with his views....
Maybe it's a v shape after all
Maybe it's a great day to bail if I am 6 12 months from retirement

March 31, 2020 fact sheets:
Growth Fund:
https://www.zci.com/wp-content/uploads/2020/05/Zevenbergen-GROWTH-Fund-Fact-Sheet-1Q20.pdf
Genea Fund:
https://www.zci.com/wp-content/uploads/2020/05/Zevenbergen-GENEA-Fund-Fact-Sheet-1Q20.pdf
Virtus Zevenbergen Innovative Growth Fund :
https://www.virtus.com/assets/files/1q3/zci_innovative_growth_stock_fund_factsheet_1131_i.pdf

One of the most infallible and rare momentum indicator is triggered and says stocks will be much higher six months down the road. Wish I had posted this yesterday as the indicator kicked in close of Wednesday. But I couldn’t believe my data and called a technical market guru yesterday to see if my data was correct. He said yep, the indicator sure did kick in. Anyway Marty Zweig’s ten day advance/decline ratio greater than 2 to 1 kicked in.
The way you compute this as shown in Marty’s book Winning On Wall Street is simply take the total 10 day NYSE advances and the total 10 day declines. Whenever that is greater than 2 to 1 you have a momentum buy thrust. You wouldn’t think this that rare but in his updated book you only had 11 instances of this occurring between 1953 and 1996. In all 11 instances the market was higher six months later and by an average of 15.2%.
Since the book and since the last signal listed in the book we have had two additional signals. March 2009 and as I discussed previously last year, January 2019. Those six months gains were higher than 15.2%. Unfortunately this indicator has been bastardized a bit by a computer formula and that formula shows another two signals. But when I went back and checked those signals did not qualify as described by Marty.
Marty’s double 9 to 1 up volume/ down volume indicator kicked in one day after the recent March low. I was surprised to see this other indicator kick in after an already 40% rise in the markets. Like everyone else I have never seen a market so detached from economic realty. So will be interesting if we keep marching higher for yet another 6 months or this time around the indicator fails. I have always been a disbeliever in traditional technical analysis and its associated mumbo jumbo. Yet always had the utmost respect and fully utilized Marty’s two momentum indicators most especially his up/down volume indicator.

More data from NPR. Looks like these number reflect workers who were furloughed as their business closed down temporarily. Now the business are opening back up. Let's hope this does not trigger a second wave of COVID infection.
https://npr.org/sections/coronavirus-live-updates/2020/06/05/869821293/as-america-struggles-to-return-to-work-staggering-unemployment-numbers-loom

Hi @Sven The AAA bonds????? If that is your question. Sales went to cash, to await another play day. We still hold healthcare and tech. equity....didn't sell in the recent melt. Have not performed the math, but we'll be about 38% cash MM, 32% BAGIX and 30% equity.
'Course, always want to have a positive total return for the entire portfolio, but capital preservation is the mode here.

AAA gov't bonds have been taking it on the head this week. All of our direct controlled investments into these bonds have been liquidated. Any related positions that remain within a broad bond fund will be at the fate of management.
All other bond types are traveling on different paths. Your return will vary this week ending.
Tis more than enough to observe markets and impact upon bonds. The massive intervention of "cash" into the markets continues to cause so much distortion. I could usually use broad market observations and have my own forecast as to what and where with bonds..........not right now, not today for me. Hats off to the astute traders who can catch a positive wave in bondland right now.
FED yield curve management

Poor Mohammad El-Erian - just one of a parade of gloomy morose prognosticators Bloomberg has frequently featured on air over the past two or three months. Not to pick on just El-Erian, Larry Summers is another gloomy predictor they’ve rolled out since the market encountered a downdraft in March. Here’s El-Erian in April .
Hilarious watching El-Erian try to do some sort of mid-course correction this morning after the hot (warmer?) data came out. Sounds like he’s pushing short / intermediate investment grade corporates at this point. Points to the dangers of trying to base long term investment decisions on these types of pronouncements. Truth is: Nobody knows where the global economy will be in a year - let alone 5 or 10 years. If you can’t have a 5-10 year time horizon, you shouldn’t be in equities & most risk assets at all.
Purely local and anecdotal - but in northern Mi it’s almost impossible getting construction / remodeling done this summer. Builders are backed up for months. I suspect a lot of money that would have gone to the airlines and hospitality businesses this summer is being pumped into home improvement projects instead. Tourism locally is down, but improving. Big box stores are crowded. Waited half an hour in a check-out line this week.
Link to May Jobs Report Story:
https://www.bloomberg.com/news/articles/2020-06-05/u-s-jobless-rate-unexpectedly-fell-in-may-as-hiring-rebounded

Thx sir @_ LewisBraham
Imho We missed discount marks last wk march 2020

Hercules Capital is not a closed-end fund but a business development company or BDC.

https://money.usnews.com/investing/funds/slideshows/best-paying-closed-end-funds
7 best CEFs
Best Closed-End Funds of 2020
Barbara Friedberg
June 3, 2020, 4:02 PM CDT
Here are the best closed-end funds for income.
/Closed-end funds have been around for more than a hundred years. Today, they currently offer juicy yields. Shares of CEFs are traded on the open market. Like stocks, CEFs are offered at an initial public offering. They're invested in a portfolio of securities and managed by an investment firm. Unlike typical mutual funds, new money doesn't flow into these funds; the existing shares are bought and sold by investors. CEFs, similar to exchange-traded funds, invest in a variety of securities, such as stocks, bonds and alternative investments. CEFs can also sell at a premium or discount to their net asset value -- meaning you can essentially buy shares on sale. CEFs have a distribution rate, instead of a dividend rate, and this may consist of earnings, capital gains and return of principal. If you're considering a CEF, review its prospectus to understand how the yield is determined. Here are seven of the best closed-end funds for income across a variety of sectors/
Top-producing closed-end funds for investors:
-- The India Fund (IFN)
-- Voya Emerging Markets High Dividend Equity Fund (IHD)
-- Aberdeen Total Dynamic Dividend Fund (AOD)
-- BlackRock Taxable Municipal Bond Trust (BBN)
-- Hercules Capital (HTGC)
-- PIMCO High Income Fund (PHK)
-- BlackRock Core Bond Trust (BHK)

Hedge funds brace for second stock market plunge
https://finance.yahoo.com/m/c98296d6-00d7-3765-bca4-bf72f3765c55/hedge-funds-brace-for-second.html
Ft article
Managers say asset prices have become too detached from bleak fundamentals
/New York Stock Exchange in Wall Street. There are fears investors may have become too complacent after the recent surge in share prices © AFP via Getty Images
June 4, 2020 3:00 am by Laurence Fletcher in London
Hedge funds are getting ready for another slump in stock markets after growing uneasy that surging prices do not reflect the economic problems ahead.
Some managers fear that equity investors, used to buying the dips during the decade-long bull market that ended in March’s sharp sell-off, have become too complacent about how quickly economies can recover from the coronavirus crisis and how effective stimulus packages from central banks and governments can be.
The S&P 500 index completed its best 50-day run in history on Wednesday, according to LPL Financial, closing within 8 per cent of its record high of mid-February.
“The markets are priced to perfection,” said Danny Yong, founding partner at hedge fund Dymon Asia Capital in Singapore. “The stability in equity markets does not reflect the job losses and the insolvencies ahead of us globally.”
Mr Yong has been buying put options — which protect against market falls by allowing their owner to sell at a pre-determined price — on stock indices and also on currencies sensitive to risk appetite such as the Australian dollar and the Korean won./
Are you folks buying more equities at this stage?

Some interesting reading. Giroux (PM, my beloved PRWCX) doesn't often do interviews, btw.
https://www.marketwatch.com/story/these-16-stocks-figured-prominently-in-this-39-billion-fund-managers-strategy-as-markets-dove-in-march-2020-06-03?siteid=yhoof2&yptr=yahoo

https://www.kitco.com/commentaries/2020-06-02/Gold-stocks-vs-gold-it-s-rocket-time.html
Gold stocks vs gold: it's rocket time
Stewart Thomson Stewart Thomson
/A year ago, gold stock investors had to choose their stocks carefully. In contrast, now it’s hard to find a gold stock that isn’t roaring higher!/

https://www.fedsmith.com/2020/06/02/new-tsp-funds-coming-july-1/
New TSP Funds Coming July 1
L2020 will closes and monies will be rolled into income Lincome funds...also new L fund 2060 and 2065 are introduced
L 2065
L 2060
L 2055
L 2050
L 2045
L 2040
L 2035
L 2030
L 2025
L Income
Do other firms gave 2065 TDFs