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NFP Recap: “Goldilocks” Report For US Stocks As Jobs Surge But Wages Languish

NFP Recap: “Goldilocks” Report For US Stocks As Jobs Surge But Wages Languish

After last month’s surprising, broad-based rise in a variety of wage measures, traders were on the edge of their seats awaiting this morning’s US jobs report. After all, we’ve seen countless “false dawns” heralding the end of the persistent slack in the labor market over the last nine years, but none have proven to be […]
Billion Dollar Unicorns: What Is Anaplan’s Product Strategy?

Billion Dollar Unicorns: What Is Anaplan’s Product Strategy?

According to a recent report, the global cloud ERP market is projected to grow 8% annually over the next few years to $28 billion by 2022. During the same period, the North American cloud ERP market is estimated to grow to $11.1 billion in 2022. San Francisco-based Anaplan has had a roller coaster ride recently. The […]
This Time Is Different, Manufacturing Payrolls Edition

This Time Is Different, Manufacturing Payrolls Edition

The monthly Employment Situation Report will always be one of our favorite releases not just because it’s so economically relevant, but because of how many interesting details there are in the data. This month, the BLS reported a very strong 31,000 net new jobs created in the manufacturing sector, with upward revisions bringing January’s total […]
Autodesk, Inc. Shares Sky Rocket After Solid Q4 Results

Autodesk, Inc. Shares Sky Rocket After Solid Q4 Results

Autodesk, Inc (NASDAQ: ADSK) Shares of Autodesk, Inc. surged 14.8% in Wednesday’s extended session after the company beat analysts’ revenue and earnings expectations. The shares traded at record-high levels as soon as the software company announced its fourth-quarter report. Wall Street was happy with the results, with at least 15 analysts raising their targets on the stock’s […]
US Dollar Unable To Muster Strength After Blowout NFP

US Dollar Unable To Muster Strength After Blowout NFP

NFP HEADLINE PRINTS AT +313K, AVERAGE HOURLY EARNINGS DISAPPOINTS This morning’s Non-Farm Payrolls data from the month of February blew the doors off, coming in at +313k versus the expectation of +205k. The unemployment rate held steady at 4.1% as the labor force expanded last month; but Average Hourly Earnings came-in at 2.6% versus an expectation of […]
Sentiment And Economic Data Laying The Foundation For Higher Stock Prices

Sentiment And Economic Data Laying The Foundation For Higher Stock Prices

The headline number of an increase of 313,000 in February’s non-farm payrolls this morning was big. This is the largest monthly increase since July 2016. The high end of consensus estimates was for a 230,000 increase in payrolls. December and January reports were also revised higher. In addition to the strong payroll report, estimated 12-month […]
A Contrarian’s Case: Silver Prices Setting Up To Surge In 2018

A Contrarian’s Case: Silver Prices Setting Up To Surge In 2018

Money Managers Making Case for Higher Silver Prices If you are looking for the next big trade, pay close attention to silver prices. The gray precious metal could be setting up to reward investors immensely in 2018 and beyond. As bold as this may sound, silver could be the next millionaire maker. Understand that there’s […]
The S&P 500, Dow And Nasdaq Since Their 2000 Highs – Friday, March 9

The S&P 500, Dow And Nasdaq Since Their 2000 Highs – Friday, March 9

This update is in response to a standing request for real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite. It includes the latest monthly close data. Here are two overlays — one with the nominal price, excluding dividends, and the other with the price adjusted for inflation based on the Consumer Price […]
ECB Changes Tone, As BOJ Does The Expected

ECB Changes Tone, As BOJ Does The Expected

Yesterday, the ECB completed its two-day meeting and decided to leave interest rates and deposit facility rates unchanged at 0.0% and -0.4% respectively. All this was in line with what the traders were expecting and as such, the euro was little changed. While traders were waiting for the ECB rate decision, they were mostly focused […]
US Private-Sector Employment Surges In February

US Private-Sector Employment Surges In February

Hiring at US companies accelerated in February, rising 287,000, the biggest monthly advance in nearly two years, according to the Labor Department. The faster increase translates into the strongest year-over-year rise since last August. The upbeat data gives the Federal Reserve another excuse to raise interest rates at the March 20-21 monetary policy meeting. Today’s results also […]