Author Archive: Jeremy Parkinson
Dollar Dominates As Americans Get A Fatter Paycheck
The Non-Farm Payrolls report for August 2018 was upbeat. The US Dollar took advantage of it, in a much needed straightforward reaction. The odds of a rate hike in December have risen. US wages rose 0.4% MoM in August, double the early expectations. The broader YoY measure shows an acceleration from 2.7% to 2.9%, also […]
Jobs Day Recap: Wages Impress
Job creation was slightly stronger than expected by economists in August (+201,000 versus +190,000 expected), but the 3 month average of payrolls growth fell to its lowest level since the end of last year thanks to large downward revisions to June and July data totaling a decline of 50,000 versus what had been previously reported. […]
NFP Recap: Are Wages Finally Turning The Corner?
In a world where financial media sensationalizes every US jobs report as “The Most Important Jobs Report Ever,” even the most bombastic personalities had to admit today’s release was relatively insignificant, at least as far as Non-Farm Payroll reports go. After all, the US economy had shown job growth for 94 consecutive months heading into […]
Workday Spends Big On Acquisitions
According to a Grand View Research report published earlier this year, the global human resource management market is projected to grow 10.4% annually to $30 billion by 2025. The growth is expected to be driven by the need to replace legacy systems with improved human capital management platforms. Recently, SaaS-based HCM services provider, Workday (NYSE: WDAY) […]
At Any Rate
What a delight… a rare pleasure… to wake up to THIS: The reason, of course, is something any resident in Palo Alto could tell you… THERE ARE TOO MANY JOBS BEGGING TO BE FILLED! I’m serious. I saw this EXACT same thing happen in 2000. The employees around here suck. Why do they suck? Because […]
Did Gold Put In A Bottom In August?
Ned Schmidt, Editor of the Value View Gold Report shares why he thinks gold has put in a bottom last month. With US stocks still garnering a lot of attention, Ned thinks investors will turn away from the risk on equities very soon. (Audio length 00:11:01)
Jump In Hourly Earnings Is Key To US Jobs, While Canada Adds 40K Full-Time Positions
The 201k rise in US non-farm payrolls edged above the median forecasts, but the 50k downward revision to the past two-months removes the gloss. It is the first August report in seven years that the initial estimate was above the Bloomberg median. The most important part of the report was the 0.4% jump in hourly earnings, lifting […]
S&P To Follow Gold’s Path, Questions Joe Friday
Is it possible that the S&P could follow the path Gold took 7-years ago this week or will it be “different this time?” Seven years ago this week, Gold had experienced a 9-year rally, taking it to its Fibonacci 261% level based upon the highs and lows at each (1) in the left chart above. Once it […]
Weekend Reading: Fall Back
Doug Kass made an interesting observation about the market yesterday: “The month of September started with optimism. That optimism has faded in the last two trading days. The most notable winners (year to date), FANG, have been particularly weak as investors begin to understand (thanks to the Congressional testimony and hearings) that the component companies’ […]
July Jobs Report: 201K New Jobs, Unemployment Rate At 3.9%, BetterThan Forecast
This morning’s employment report for August showed a 201K increase in total nonfarm payrolls, which was better than forecasts. The unemployment rate remained at 3.9%. The Investing.com consensus was for 191K new jobs and the unemployment rate to drop to 3.8%. Here is an excerpt from the Employment Situation Summary released this morning by the Bureau of Labor Statistics: […]
