Nike (NKE) popped more than 10% this morning after reporting better-than-expected earnings yesterday—which I anticipated on . I break down the results… and explain why the apparel giant is setting up a great short trade. Last week, the Federal Reserve Bank of Philadelphia revised jobs data from March–June 2022… from 1.1 million jobs created to just 10,500. We discuss how this alarming data—along with a major adjustment in rental calculations—could cause the Fed to change course on its interest rate hikes.  Finally, I rant about the absurd discrepancy in the jobs number—and why we must be able to trust the data coming from our government. In this episode  My Nike thesis is playing out perfectly [1:30] The best strategy for a volatile 2023 [12:15] How do you miscount jobs by 1 million? [13:00]  How new rental data could impact Fed policy [27:50] Investors must be able to trust government data—or else [33:05] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :