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“Job Market Is Red Hot, Threatens To Overheat” Zandi Warns After ADP Beat

“Job Market Is Red Hot, Threatens To Overheat” Zandi Warns After ADP Beat

Amid 50-year lows in initial claims but slumping survey data, ADP printed a much-better-than-expected 235k (200k exp), a modest downtick from an upwardly revised January. Job gains were very broad-based and Mark Zandi confirmed “we’re going into the 3s” for unemployment.  “The job market is red hot and threatens to overheat. With government spending increases and tax cuts, growth […]
Sector Internals + Best Performing Russell 3,000 And S&P 500 Stocks YTD (2018)

Sector Internals + Best Performing Russell 3,000 And S&P 500 Stocks YTD (2018)

So far this year, the S&P 500 is up 2%, while the average stock in the Russell 3,000 (an index that contains large-cap, mid-cap, and small-cap stocks) is up 0.9%. These performance numbers highlight how the largest stocks in the market have boosted the performance of major indices. There are some big discrepancies when you […]
Australia’s Economy Grew At Slower Pace In Q4, 2017

Australia’s Economy Grew At Slower Pace In Q4, 2017

Australia’s economy expanded at a slower pace in the final quarter of 2017 as the fall in exports weighed on rebound in household consumption. The economy grew at 0.4 percent in the final quarter, down from the 0.7 percent recorded in the third quarter, the Australian Bureau of Statistics reported on Wednesday. On a yearly […]
DAX: Correction Ended

DAX: Correction Ended

DAX is correcting higher degree cycle from February 2016. Short-term Elliott Wave view suggests that Primary wave ((X)) ended with the rally to 12597.51. The decline from there is unfolding as a Zigzag Elliott Wave structure where Intermediate wave (A) ended at 11725 and Intermediate wave (B) is proposed complete at 12270.50 high in New York earlier today. However, Index […]
Morning Call For Wednesday, March 7

Morning Call For Wednesday, March 7

OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 -0.74%) this morning are down sharply by -0.95% and European stocks are down -0.33% as global stocks slide on concern over U.S. trade policies. The resignation late yesterday of President Trump’s economic adviser, Gary Cohn, a free-trade proponent, has bolstered concern President Trump will go ahead with […]
Bull Of The Day: Hilton Grand Vacations (HGV)

Bull Of The Day: Hilton Grand Vacations (HGV)

Hilton Grand Vacations Inc. (HGV – Free Report) is riding the wave in travel. This Zacks Rank #1 (Strong Buy) is expected to see double digit earnings growth in 2018. Hilton Grand Vacations is a global timeshare company in vacation destinations around the world. It manages two club membership programs: Hilton Grand Vacations Club and The Hilton Club […]
Dollar Softer On Trade War Worries

Dollar Softer On Trade War Worries

The US Dollar is higher but remains close to a 14-month trough versus the Japanese Yen. Once again, it is turmoil in the Trump White House that is to blame for the geopolitical uncertainty in the United States and has effectively ratcheted up worries of a global trade war. Analysts say that Donald Trump took […]
Stocks: Sawtooth

Stocks: Sawtooth

Well, the world seems to be treating it as a huge surprise that Gary Cohn is ditching the White House, even though he’s been dropping broad hints about it for a while now. Sadly, the marvelous plunge we saw instantly when trading opened Tuesday night has been cut about in half. The markets are still […]
In The Next 30 Years, ASEAN Demographics Supports Good Economic Growth

In The Next 30 Years, ASEAN Demographics Supports Good Economic Growth

Currently, Asia ex Japan has a larger share of its population in the labor force at 69% ASEAN is just above the world at 67%, note though, that its share of young people is large   By 2050, the ASEAN population is expected to grow by 26%, much more than Asia ex Japan The larger […]
First Look At February: ADP Says 235K New Nonfarm Private Jobs

First Look At February: ADP Says 235K New Nonfarm Private Jobs

The economic mover and shaker this week is Friday’s employment report from the Bureau of Labor Statistics. This monthly report contains a wealth of data for economists, the most publicized being the month-over-month change in Total Nonfarm Employment (the PAYEMS series in the FRED repository). Today we have the ADP February estimate of 235K new nonfarm private employment jobs, a decrease […]