Is The Relatively Weak Trend For US Private Payrolls A Warning?
If you could only track one economic indicator to monitor the economy the trend in payrolls would be a solid choice. Think of it as the fuel that powers consumer spending engine, which accounts for nearly 70% of economic activity. The good news is that the labor market still looks solid, based on several conventional […]
Off To The Races
S&P 500 did a premarket and opening bell flush once again, and then I capitalized on the rebound for swing and intraday clients alike. Ellin also added to our intraday tally. The only disappointment is selling into NVDA earnings beat, however, the poor breadth of recent days will get an uplift today – the long basing process that […]
Hedging, Happiness, And The Future: Lessons From Mowry Young On Navigating The Financial Unknown
Image source: Pixabay This week on our show, we had the pleasure of hosting Mowry “Mo” Young, financial advisor extraordinaire and master of making money work for life. With over 27 years of experience, managing nearly half a billion dollars in assets, and a client retention rate that would make any business proud, Mo shared his […]
Continuing Jobless Claims Hit 3-Year-Highs As Initial Claims Tumble To 7-Month-Lows
Just 213,000 Americans filed for first-time jobless benefits last week – the lowest number since April – as natural disasters’ effects fade from the data…Source: BloombergThe overhang from the hurricanes has seemingly ended…Source: BloombergBut WTF is going on in California?Last week saw initial claims explode higher there..…and this week claims collapsed…However, the number of Americans […]
“It’s All About Confidence” Stock Market (And Sentiment Results)…
On Wednesday I joined the great Stuart Varney on Fox Business to discuss Nvidia and Small caps. Thanks to Stuart and Christian Dagger for having me on. Link here.On Friday I joined David Lin on his show “The David Lin Report.” Invariably I get 2-4 calls after doing any one of his shows because he has […]
Initial Claims Are Positive, While Hurricane-adjusted Continued Claims Are Neutral
This week’s jobless claims reflect a little more complex scenario than usual, because the hurricane effects have disappeared from initial claims and their four week average, but likely are affecting continued claims, and are also likely to have a negative impact for the unemployment rate in the next jobs report.To the numbers: initial claims declined […]
EUR/CHF Price Prediction: Falling Lower After Break Out From Triangle Pattern
EUR/CHF falls lower after breaking out of a Triangle pattern. It will probably continue to decline until it reaches the next downside target, which has been revised up to 0.9145 – 0.9150. This is the 61.8% Fibonacci extrapolation of the height of the Triangle lower, the target generated using technical analysis theory. EUR/CHF Daily Chart The bearish trend […]
USD/CAD Holds Key Support Of 1.3950 As Us Dollar Resumes Upside
Photo by Michelle Spollen on Unsplash USD/CAD sustains above 1.3950 as the near-term outlook of the US Dollar remains firm. US Initial Jobless Claims came in lower at 213K than estimates of 220K. Traders have trimmed BoC outsize interest rate cut bets for the December meeting. The USD/CAD pair ticks down but holds the immediate support of […]
China’s Puts Export Curbs On Minerals US Needs For Weapons And Technology
In a warning shot to the Trump administration, China tightens export controls on some dual-use minerals.Nikkei Asia reports China to Tighten Export Curbs on Critical Metals Ahead of Trump’s Return. China plans to tighten export controls on key “dual-use” technologies and items in two weeks, including raw materials and metals such as tungsten, graphite, magnesium and […]
Nvidia’s Own Success Is Standing In The Way Of Its Stock Price Gains
Image Source: Pixabay Nvidia stock slips despite a strong Q3 and upbeat guidance. Continued deceleration in revenue growth is hurting its share price. NVDA is still up some 200% versus the start of this year (2024) Nvidia Corp (Nasdaq: NVDA) dipped in pre-market trading despite handily beating Wall Street estimates for its third financial quarter and issuing […]
