U.S. equity markets pushed ahead again on light volume, and awaits the job numbers with bated breath. Note once again that bullish reversals were minimal as the daily momentum approaches overbought conditions. With one exception, the Russell 2000, all momentum indicators are bullish at every level and the Russell is close. I think the most [...]
Jobless claims continued to climb based on Thursday’s release, and stocks went south quickly after the open on stronger volume than in previous days. Philly Fed factory data did not help either, as it continued to demonstrate manufacturing contraction. In the broad scope of economic data, the news flow is still caustic. What looked like [...]
U.S. unemployment remained unchanged at 9.5% and nonfarm payrolls shrunk by 131,000 last month, the government reported this morning… Source
I won’t spend much time on these job figures… they all are starting to sound very… Source
Maybe enough to spark some real job growth by the end of the year. Original Source >>>
“Whatever happens tomorrow, it’s worth keeping something in mind: The official… Source
In an interesting post a couple weeks ago, Keith Hennessey critiques the President’s… Source
On first glance this is a massive disappointment as this means negligible job gains… Source
U.S. equity markets did indeed rally strongly on Wednesday as positive data on housing and generally good action within the $COMPQ pushed everything higher. There were, however, few bullish reversals except in education related, tobacco related, and one energy related issue. We may need further confirmation on the larger cap indexes to get more of [...]
Markets were closed in America yesterday. But there’s still reckoning to do. So, we’re on the job as usual. As predicted in this space, Americans have gone back to saving. You’ll recall that household spending increased earlier this year despite flat or falling income. Top economic pundits hallucinated that the correction was over. They said [...]
According to Table A for the Household Data in today’s BLS employment report… Source
The news arrived just in the nick of time. Nonfarm payrolls surged by 290,000 last month (seasonally adjusted), the biggest rise in four years… Source
Let’s hope today’s ADP National Employment Report is wrong. Nonfarm private employment increased by a meager 32,000 last month, according to this report… Source
The news about the beleaguered consumer is that the latest report is that overall consumer credit declined at an overall annual rate of 5.5% in February, although revolving credit (like credit cards) went down at an annual rate of 13%! Now, I heard that this is due to a lot of debt being written off [...]
Dear World: WTF? It seems like you are very upset. I have to be honest, we have pulled some crazy shit in my tenure at Goldman, but I did not see this coming. Always with the French people. I have looked at the prospectus and paperwork from the trades in question and only a sophisticated [...]
If you think your job is tough, imagine being a tax collector. IRS agents show up at your house or place of business for only one reason — to separate you from the money you owe the government. It’s an activity that may become a lot more common… Original Source
The rally continues this morning with good earnings from $JPM and $INTC among others and bullish economic numbers. Here’s the morning StockTwits buzz: $JPM CRUSHED earnings on great fixed income trading. Stock’s up 3% today. The $AAPL iPad appears to be a huge success at first: Deep in the $INTC and $JPM reports is job [...]
The dollar surged after the non-farm payrolls report because job growth excluding census workers was very strong… Source
I don’t own $aapl the stock for the moment, but my kids do. There is a new brouhaha about the store rejecting certain apps. Thank Goodness. Maybe because I don’t think I will ever need them. Maybe because I am glad Apple has some rules for their store. Stocktwits has some ‘House Rules’ as well [...]
