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Archives by Year:
Labor Hoarding: The Labor Market Lynchpin
According to the latest JOLTs report from the BLS, the number of job hires has fallen back to levels from 2017. Despite the rate of hires falling below the pre-pandemic trend, the labor market remains relatively strong. Why is this occurring? According to a Bloomberg article entitled The Labor Market Confronts the End of Pandemic-Era Job […]
Gold ETFs Globally Add Gold For Third Straight Month
By Mike Maharrey, Money Metals Exchange Gold ETFs charted their strongest month since April 2022 in July.Globally, ETFs added 48.5 tons of gold to their holdings last month, with funds in every region reporting increases.A combination of gold inflows and a 4 percent increase in the price of gold drove a 6 percent increase in total […]
Recession Debate: Citing The Sahm Rule, WSJ’s Greg Ip Says No Recession
Greg Ip says the conditions for recession are not in place. I disagree. And I show where and how he went wrong.The chart itself explains where Ip went wrong. See if you can figure it out.“This Doesn’t Look Like Recession” Says Greg IpPlease consider This Doesn’t Look Like Recession. Here’s How One Could Happen. Unemployment is […]
Residential Building Construction And Spending Sound A Warning For Goods-producing Employment
The final data point from last week that I wanted to catch up on was construction spending, and especially residential construction spending.As reported last week, in June total nominal spending declined -0.3% in June, but is higher 6.2% YoY. The more leading residential sector also showed a -0.4% decline, and is higher by 7.3% YoY: […]
Ethereum turns inflationary for the first time in two years amid July network slump
Key Takeaways Ethereum turned inflationary in Q2 2024, adding 120,818 ETH to its supply in Q2. Uniswap remains the largest ETH burner, despite a 72.4% drop in burn rate from Q1 to Q2 2024. Ethereum (ETH) has turned inflationary in 2024 for the first time since 2022. Despite burning 465,657 ETH since the start of […]
Unemployment Claims Magic
S&P 500 was trading subdued only till unemployment claims release – then, it took off, and hardly looked back. Following very fearful sentiment after Monday‘s rout and Wednesday‘s failure of BoJ to instill calm through backing off raising rates, equities jumped on the first data excuse to rallyall the way to Wednesday‘s highs.Initial unemployment claims […]
No, Chicken Little, The Sky Is Not Falling
The most recent data showed that Japanese investors took advantage of the yen’s strength last week to buy foreign bonds and stocks. The US weekly jobs claims to their lowest level in four weeks, suggesting that the slowdown in the labor market remains gradual. The sky is not falling. There is no emergency. With a […]
S&P500 . Has The Index Reversed?
The previous review began with this headline: “S&P500. Will we see a new vertex? The answer was given with the following conclusion: “It is expected that the S&P500 will make a new top with a target of 5600 . There are options for getting there . The reversal looks like an unlikely scenario , it can only be revised if […]
Eli Lilly & Co. Stocks Elliott Wave Technical Analysis – Friday, August 9
LLY Elliott Wave Analysis Trading Lounge Daily Chart,Eli Lilly & Co.,(LLY) Daily Chart LLY Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave {b} of 4 DIRECTION: Top in wave {b}. DETAILS: Looking for a top in wave {b} of 4 to then complete the overall correction, knowing we could already have a bottom in Minor wave 4 in place. LLY Elliott Wave Analysis Trading Lounge 4H Chart,Eli Lilly & Co., (LLY) 4H Chart LLY Elliott […]
GBP/USD Analysis: Resistance At Falling Trend Line, Potential Bullish Reversal
The GBP/USD pair is currently facing a crucial resistance level at the falling trend line on the 4-hour chart. This resistance could determine the pair’s short-term direction and potentially signal a bullish reversal. Key Levels to Watch Resistance: Falling trend line on the 4-hour chart Break above the trend line could trigger further upside Next […]
