The September jobs report is due to be released tomorrow morning. This could move the markets so we are waiting for this data point before making any medium term decisions. Technically, we are neither overbought nor oversold so we would like to see some direction before making a move. Tomorrow most likely we will break
The first Presidential debate between Hillary Clinton and Donald Trump is scheduled for September 26. I came to the conclusion that: The markets are trading as though Clinton has already won. As of this writing, polls have been narrowing in Trump’s favor. The consensus is that Clinton will win the debate. For Clinton to win
We got the jobs numbers today and they blew out expectations. The US created 287,000 versus the estimated 175,000. The unemployment rate ticked higher to 4.9%. The Dow is currently up over 200 points with this beat to the upside. The markets have recovered nicely since the Brexit selloff but is nearing overbought levels. We
January Employment Report has just been released. The report provides lots of data. Here are the numbers that matter. Non-farm Private Payrolls 158K vs. 190K consensus and 170K whisper number Unemployment rate 4.9% vs. 5% consensus and 5% whisper number Average earnings 0.5% vs. 0.3% consensus and 0.0% whisper number Number of jobs created is
The policy tightening kicked off by the Fed this week promises to be among the longest and slowest of modern times. The S&P500 trader lower at first then closing at the highs of the day. Today, a day later experienced a significant sell off. The VIX trader lower and the Yields higher The world market
Here are the update from today: Greece will not pay IMF on Tuesday: Govt official All 10 S&P sectors in the red; deepen losses in afternoon CBOE Volatility index .VIX spikes. Went short volatility Jan 2016. Euro STOXX 50 index – biggest one-day fall since 2011. Tens of thousands rally against bailout ahead of referendum