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2024 Outlook

2024 Outlook

Image Source: Unsplash This year promises to be one of the most interesting years economically, politically, and market-wise in history. We have two significant global conflicts/wars ongoing, just as President Xi of China is reiterating his promise to annex Taiwan, and Kim Jong Un of North Korea threatens to wipe the US off the map. Meanwhile, […]
China’s Shadow-Banking Giant Files For Bankruptcy

China’s Shadow-Banking Giant Files For Bankruptcy

One of China’s “secretive” shadow-banking giants filed for bankruptcy on Friday due to its inability to repay tens of billions of dollars in debt, a warning sign contagion from the downturn in the real estate industry continues to spread and raises questions if the property crisis in the world’s second-largest economy will accelerate into the new year. 2023 […]
AskSlim Market Week – Friday, Jan. 5

AskSlim Market Week – Friday, Jan. 5

Image Source: Pixabay Projections for the next week. review of the previous in today’s episode of the askSlim Market Week.Video Length: 00:40:33More By This Author:AskSlim Market Week – Saturday, Dec. 16 AskSlim Market Week – Saturday, December 8 AskSlim Market Week – Friday, Dec. 1
Macro – Employment

Macro – Employment

The employment numbers came in progressively better throughout the week. Friday, the US Bureau of Labor Statistics reported that the US added 216,000 jobs in December. The following industries reported the largest gains: Leisure and Hospitality (Hotels, Restaurants, Gambling, Live Entertainment) — 40,000 Health Care — 38,000 Local Governments — 37,000 Professional and Business Services […]
NFP Report Shows A Hot Labor Market With 216k Jobs Added In December

NFP Report Shows A Hot Labor Market With 216k Jobs Added In December

Image courtesy of 123rf.com The December non-farm payroll (NFP) report exceeded expectations, showing an increase to 216,000, compared with the projected 170,000. The report triggered an instant market reaction, pushing the 10-year yield above 4% and sending stock futures tumbling.  Non-Farm Jobs Rose by 216K in December, Significantly Above Expectations New jobs data for December were released on Friday and […]
Financial Cycle Behavior Is Consistent

Financial Cycle Behavior Is Consistent

Image source: Pixabay In June 1999, the US Fed began an 11-month rate hiking cycle that took the overnight rate from 4.75 to 6.5% by May 2000. Amid tech-mania-inspired irrational exuberance, the S&P 500 hit 1527 by March 2000, sold off into the summer, and rebounded to double top at 1521 by September on soft-landing forecasts.What […]
Gold’s 2024 Breakout Upleg

Gold’s 2024 Breakout Upleg

Image Source: Pixabay Gold’s momentous breakout upleg into nominal record territory is set to accelerate in 2024. Major bullish drivers for this leading alternative asset have really converged, which should drive gold much higher this year. Speculators and investors alike will increasingly flock back as gold achieves more record closes, accelerating its gains. Technical, sentimental, and […]
U.S. Jobs Report Suggests No Pressing Need For The Fed To Cut Rates

U.S. Jobs Report Suggests No Pressing Need For The Fed To Cut Rates

Solid employment gains, low unemployment and sticky wages suggest no immediate need for Federal Reserve rate cuts. Nonetheless, the jobs market is cooling and the concentration of employment gains in sectors viewed historically as being lower paid and more part-time raises some concerns. We think the Fed will wait until May before cutting rates.Image Source: Pexels […]
U.S. Q4 GDP Growth Expected To Support Soft Landing Outlook

U.S. Q4 GDP Growth Expected To Support Soft Landing Outlook

This month’s official report of US fourth-quarter economic activity, scheduled for release on Jan. 25, will likely confirm that output expanded at a moderate pace, according to a set of nowcasts compiled by CapitalSpectator.com.The US Bureau of Economic Analysis is projected to report that growth slowed to a 1.6% gain (seasonally adjusted annual rate), which […]
Jobs Up 216,000 But Employment Down 683,000 Job Revisions -71,000

Jobs Up 216,000 But Employment Down 683,000 Job Revisions -71,000

Payroll and Employment Data from the BLS, chart by MishFrom September 2020 through early 2022, nonfarm payroll job gains and full time employment changes tracked together.Starting around March of 2022, a divergence between employment and jobs became very noticeable.Payrolls vs Employment Gains Since March 2023 Nonfarm Payrolls: 1,760,000 Employment Level: +359,000 Full Time Employment: -1,091,000 […]