Job Openings & Labor Turnover: Clues To The Business Cycle – Tuesday, Jan. 9
The latest JOLTS report (Job Openings and Labor Turnover Summary), with data through November, is now available. The first chart below shows four of the headline components of the overall series, which the BLS began tracking in December 2000. The time frame is quite limited compared to the main BLS data series in the monthly employment report, […]
USD/JPY Weakness To Persist On Cautious Fed Rhetoric
USD/JPY struggles to preserve the advance from the beginning of the year as the Bank of Japan (BoJ) reduced its purchases of long-term bonds under its Quantitative/Qualitative Easing (QQE) Program with Yield-Curve Control, and the pair stands at risk of threatening the range-bound price action from December should a growing number of Fed officials adopt […]
2018 IPO Prospects: Dropbox Has Made Good Progress
Photo Credit: Ian Lamont/Flickr.com According to a Marketsand Markets report, the cloud storage market size is estimated to grow from $23.76 billion in 2016 to $74.94 billion by 2021, at a CAGR of 25.8%. Growth is driven by factors such as high demand for hybrid cloud storage, growing need for enterprise mobility, and the need for […]
Gold Prices Choppy After Payrolls
The U.S. economy added only 148,000 jobs in December. Gold prices reacted in a choppy way, confusing some analysts. Why? December Payrolls Disappoint Total nonfarm payroll employment increased only 148,000 in December, the slowest pace in three months. The employment gains were generally widespread, but the biggest employers were construction (+30,000), leisure and hospitality (+29,000), education and […]
The Commodity Boom Of 2018
2018 will be the year the commodity bull gets running… When a man makes his play in a commodity market he must not permit himself set opinions. He must have an open mind and flexibility. It is not wise to disregard the message of the tape, no matter what your opinion of crop conditions or […]
Is The BOJ Tapering?
The Federal Reserve is gradually raising rates and allowing the balance sheet to shrink by not fully reinvesting the maturing proceeds. The ECB will purchase half as many bonds in the first nine months of 2018 as it did in the last nine months of 2017. While some observers are talking about a rate hike […]
Under Armour Falls After Analyst Downgrade Cites Weakening Brand
Shares of Under Armour (UA, UAA) are falling after a Susquehanna analyst downgraded the stock to Negative citing the company’s weakening brand. Given “poor” brand distribution decisions, the analyst said Under Armour risks are becoming more like Reebok than Nike (NKE). SUSQUEHANNA NEGATIVE: Susquehanna analyst Sam Poser downgraded Under Armour to Negative from Neutral. In […]
JOLTS: Job Openings Drop To Lowest In Six Month As Hiring, Quitting Slows
After a burst of record high job openings which started in June but declined in October, today’s November JOLTS report- Janet Yellen’s favorite labor market indicator – showed another modest drop in job openings across most categories as the year wound down, with the total number declining from a downward revised 5.925MM to 5.8793MM, well […]
BitBrain Levels
Since last night’s USD/JPY drop didn’t amount to a hill of beans (quite the opposite – -ES and NQ are both green now, naturally), let’s turn our attention to the one space that typically has interesting action; cryptos. Specifically, Bitcoin. As we all know, two big exchanges launched Bitcoin futures last month, one December 10 and 17. […]
