The headline seasonally adjusted BLS job growth was above expectations. Last month’s meager gains were revised down. Analyst Opinion of the BLS Employment Situation The household and establishment surveys were in sync this month. The unemployment rate drop was caused by an insignificant number of people added to the workforce. I consider this report good,…
On the other side of a red-eye flight, so this will be quick. It was exciting last night to see crude oil plunge (and take equities with it), but it didn’t last. Just look at that sudden sweep down – – merciless! – – and then the recovery overnight. As I’m typing this, crude oil…
On the other side of a red-eye flight, so this will be quick. It was exciting last night to see crude oil plunge (and take equities with it), but it didn’t last. Just look at that sudden sweep down – – merciless! – – and then the recovery overnight. As I’m typing this, crude oil…
Many seem to be talking about the growth/reflation theme that has taken place post election. Did this theme really start improving post election? The chart below would put a little question into the date. Below looks at the TR Commodity index over the past 40-years. The index hit support at (1) and started to moving…
“Davidson” submits: Lot of economic data supporting existing trends, big shift in US$ underway Employment trends in place since 2009 continue with May 2017 reports. Vehicle sales remain historically high as the avg age of vehicles remains in 11yr-12yr range. Reports by CAT, DE, UTX, XOM, PX and the Chemical Activity Barometer reflect recovery in…
The US created 211k net new jobs in April, a sharp bounce back from the downwardly revised 79k gain in March. It is the third month this year that the US created more than 200k new jobs. The unemployment rate slipped to a new cyclical low of 4.4% from 4.5%. This seems largely a function of the…
Surprise! No, not the fact that the Republicans in Congress (not a single Democrat voted for this) yanked away your health care yesterday (while keeping Obamacare for themselves) and not the fact that your parents will soon be moving in for you as Republicans also rescinded small-business retirement plans so they could give their money to richer people too. No the…
Written by StockNews.com Moody’s Corporation (NYSE: MCO) early Friday posted much better than expected first quarter earnings results, helped by a big one-time gain, and said its full-year earnings should come in at the high-end of its prior estimate. The New York City-based ratings agency reported Q1: earnings per share (EPS) of $1.47, which was $0.23…
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Well, the Fed said the recent disappointing economic data would be “transitory” and based on the just released jobs report, it may have been somewhat right, because after growing only by a revised 79,000 jobs in March, payrolls rebounded in April, rising by more than the expected 190K to 211K, in line with the optimistic whisper estimates….
