Initial Reaction Today’s establishment survey shows jobs rose by a much weaker than expected 156,000. Revisions took off 21,000 in June and another 20,000 in July. In the household survey, employment fell by 74,000. Average weekly hours worked declined by 0.1 hour and wage growth was anemic. Let’s dive into the details in the BLS Employment…
September 13, 2017 concludes the 180-day lockup period on MuleSoft Inc. (NYSE: MULE). When the lockup period ends for MULE, its pre-IPO shareholders, directors and executives will have the chance to sell their 112.9 million shares for the first time since the IPO. The potential for a sudden increase in stock available in the open market…
The silver miners’ stocks have largely languished this year, grinding sideways near lows for months on end. This vexing consolidation has fueled near-universal bearishness, leaving silver stocks deeply out of favor. But once a quarter when earnings season arrives, hard fundamentals pierce the obscuring veil of popular sentiment. The silver miners’ recently-reported Q2’17 results reveal…
I’m getting a bit tired of listening to this nonsense about 3X ETF’s and the decay preventing one from making money. Nothing could be further from the truth. The only time decay becomes a factor is when price is going sideways or trending in the wrong direction. When price is going sideways or trending in…
Economists missed the construction spending mark by a mile this month. The Econoday consensus was for spending to rise by 0.6%. Instead, construction spending fell by 0.6%. Econoday finds strength in the numbers, I don’t. Strength in residential building makes for a better construction spending report than indicated by the headline 0.6 percent July decline. Driven by…
The first Friday of a new month means one thing: The Jobs report. Viewed by many as the most important economic report of the month, the data on nonfarm payrolls and unemployment for August surprised to the downside. The Labor Department reported that the economy created 156,000 new jobs last month, which was below the…
The weather may be cooling off, but today’s ISM Manufacturing report for August came in hot. While economists were expecting the headline reading to come in at a level of 56.5, the actual reading came in at 58.8. That’s the highest reading since April 2011! It may not be the largest share of the US…
As the markets head into the weekend, global equities are firmer, benchmark 10-year yields are mostly lower, and the dollar is consolidating after North American pared the greenback’s gains yesterday. Manufacturing PMIs from China, EMU, and the UK have been reported, while in the US, the August jobs data stand in the way of the long…
One of the indicators I refer to when it comes to identifying whether we are still in a bull market or transitioning into a bear market is the Dow Theory. The Dow Theory is more than a century old, and it’s one of the most followed and studied market indicators out there. Simply put, the…
For the last few months we’ve experienced some uncertain and unnerving events across the US and the globe. Presidential elections, threats of war, terrorism, and political arguing can make weathering your portfolio and financial plan uneasy, if not difficult at times. Add that to the daily responsibilities of your occupation, family, and finances, and we…
