The next two months going into September will be both interesting and critical. The Nasdaq Composite (QQQ) made new highs in July, but the S&P500 (SPY) and the Dow Jones Industrials (DIA) failed to exceed May highs. The general consensus is that there will be a rate hike in September and another in December, so if…
Yesterday’s ADP estimate on US private payrolls in July was a bit of a disappointment. Companies added 185,000 workers last month—the smallest gain in three months. The news implies that tomorrow’s official jobs report from Washington for July will also reflect softer growth. Is the weaker-than-expected increase a sign that the labor market’s cooling? Maybe, although the…
With the soft ADP the other day and other signs of economic flattening, some people may be looking for a weak Payrolls report tomorrow. I am going to take a guess for the second time [1] and call +235,000 vs. the expected +220,000. Why? Because the US dollar is strong and the services sectors are…
Looking at the upcoming Thursday session, there isn’t too much to worry about economic announcement wise. Yes, the Bank of England has an interest rate announcement, and that of course could move the markets but quite frankly we feel that most of the markets will be fairly quiet as we await the Nonfarm Payroll Numbers…
OVERNIGHT MARKETS AND NEWS September E-mini S&Ps (ESU15 +0.01%) are little changed, down -0.02%, and European stocks are down -0.09% led by weakness in energy producers after the price of crude oil (CLU15 -0.82%) fell to a 4-1/2 month low. Losses in European stocks were muted after German Jun factory orders rose more than expected. The BOE, as expected, maintained…
Disney (DIS) is arguably one of the best stocks in the market today. However, their stock is currently trading at an incredible discount as investors fear the worst from ESPN. Recent research showed that entertainment habits among consumers are changing; and it’s becoming a major fear among Disney investors. Today, we’ll discuss how those habits…
Johnson & Johnson was founded in 1886. Since that time, Johnson & Johnson (JNJ) has grown to become the largest health care business in the world. The company has a market cap of $276.7 billion, generates over $70 billion a year in sales, and $16 billion a year in profits. You may have heard about the…
After seeing downside pressure for several months, the Australian dollar rallied on August 4, upon release of a less dovish than expected rate statement. The RBA view the current state of employment growth, economic activity and inflation as satisfactory enough to keep rates on hold. However, because Australia is heavily reliant on resource exports, the…
It has been more of the same in the latest quiet overnight session where many await tomorrow’s NFP data for much needed guidance, and where Chinese markets opened weaker, rose during the day, then went through a mini rollercoaster, then sold off in the afternoon. The Shanghai Composite and HS China Enterprises indices finished down…
It has been more of the same in the latest quiet overnight session where many await tomorrow’s NFP data for much needed guidance, and where Chinese markets opened weaker, rose during the day, then went through a mini rollercoaster, then sold off in the afternoon. The Shanghai Composite and HS China Enterprises indices finished down…
