This week could see some more cautious risk-off trading with the consumer price index report arriving on Friday just 5 days before FED policy makers meet to discuss inflation risks. Analysts expect the headline CPI number to reach 6.7%, which would be the highest rate since 1982.
Nonfarm payrolls came in lower than expected for NOV, but the jobless rate dropped and the labor participation rate rose. Rate expectations were pulled forward and there is now a 50% of a quarter-point rate hike in May, per Fed Funds futures. Watch! buff.ly/31k7vvD
Nonfarm payrolls climbed 210,000 in November after upward revisions to each of the prior two months, a Labor Department report showed Friday. The labor force participation rate edged up to 61.8%. What's next for stocks? Don't miss my Thursday show! buff.ly/3ok0W4z
By many measures, the job market is strong. Payrolls are solidly growing, job openings are near records, and wages are climbing at a brisk clip. One factor, continues to bedevil prospects for a smooth labor-market recovery: The share of people working or looking for a job...
On this Nov. 15th in 1867, the first practical stock ticker went “online,” as Thomas Edison’s improved gizmo made continuous nationwide transmission of stock prices possible for the first time. I thought that little datum would interest you as the secular bull market continues!
In my opinion, the market has understood for a LONG time that we can live with the virus. We MUST live with it without destroying our productive lives with isolation, many poor educational outcomes and other issues that have arisen from draconian lockdown measures. OPEN THE USA!
