QUESTION: Sir; Will the Fed start to print money again if the economy turns down and does this not cause gold to rise? Thank you for your insight in this confusing world of self-interest SH ANSWER: No. The gold promoters constantly tout inflation and the rise in money supply must lead to higher gold prices….
+142,000… (BLS release). I’ll not give up my day job as a market manager. They’d laugh me right out of the Sacred Society of Gurus. Hey, at least the Squid was worse; I read a blurb that Goldman predicted +215,000. I am the last person you will see playing Swami on important matters like when…
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ15 +0.35%) are up +0.31% and European stocks are up +1.79% ahead of today’s U.S. payrolls report that may help gauge when the Fed will raise interest rates. Despite being closed for the next week due to holiday, China took steps to boost economic growth that also gave equity…
Week 38 of 2015 shows same week total rail traffic (from same week one year ago) declined according to the Association of American Railroads (AAR) traffic data. Intermodal traffic insignificantly expanded year-over-year, which accounts for approximately half of movements. but weekly railcar counts continued in contraction. This analysis is looking for clues in the rail data to…
Goldman forecasts nonfarm payroll growth of 215k in September, above consensus expectations of 200k by about 0.3 standard deviations of a typical surprise. Noting that August payrolls were likely distorted downward by seasonal bias last month and may be revised up, Goldman expects the unemployment rate to remain flat at 5.1% (and earnings growth to slow)….
Goldman forecasts nonfarm payroll growth of 215k in September, above consensus expectations of 200k by about 0.3 standard deviations of a typical surprise. Noting that August payrolls were likely distorted downward by seasonal bias last month and may be revised up, Goldman expects the unemployment rate to remain flat at 5.1% (and earnings growth to slow)….
The monthly US employment report is the key to the remainder of the session. Market participants appear to generally accept several things about the report. First that the August time series, as well as the September series is often subject to upward revisions from the first estimate. Second, that barring significant surprise, those that expect…
The recent market turbulence has knocked the health care sector from its leadership role in performance terms among the major US equity sectors. The crown has passed to consumer discretionary stocks, based on trailing one-year total return data for a set of ETF proxies. Although all corners of the US equity market have lost ground…
The EUR/USD pair broke higher during the course of the session on Thursday, as the 1.11 level below continues to offer support. However, the resistance of the 1.13 level has me thinking that this pair is going to be very choppy in general. Ultimately, I feel that the market should continue to be very choppy…
Although S&P Dow Jones Indices reported second quarter 2015 buybacks declined 8.7% versus the first quarter of 2015, the twelve month total increased 3.8% versus the prior twelve month total that ended June 2014. As the below chart shows, this reduction in buybacks on a quarter over quarter basis might be tied to the declining…
