It says quite a bit about the average intelligence of the American voter when netizens
Category: economy
Wrong. Jobless Claims Tell Us Plenty
840,000 Americans filed for unemployment benefits last week, down 9,000 from the previous week’s upwardly
Would You Trade A 4% Haircut In The S&P’s Fair Value For Sanity?
With expectations for a Democratic sweep becoming more entrenched by the day, market participants with
Scorched-Earth
“So stimulus is over until the election(?) And so are Trump’s odds of winning it,
Trump, Under Siege For Stimulus Torpedo, Pins Hopes On Late-Night Tweet Reversal
Markets looked to gingerly retrace the risk-off move that rippled across assets late in Tuesday’s
Powell Hurts Own Cause, Feeds Budget Hawks By Parroting Deficit Myths
At this point, you’d forgive Jerome Powell (and most of his colleagues) for being frustrated
Invincible Heroes
Global markets were muted Tuesday following Donald Trump’s return to the White House from Walter
No Time To Die In New York (Or Bethesda)
It certainly wasn’t clear that risk assets (i.e., equities) should have been any semblance of
No Shirt, No Shoes, Some Service
Activity in the US services sector continues to rebound, the latest read on ISM’s non-manufacturing
Secondary Concerns
It still feels a bit strange to speak about what could move markets in the
Afterthoughts
Everything became an afterthought Friday. Even if Donald Trump’s COVID diagnosis proves to be a
Under The Hood Of The September Jobs Report
The September jobs report, the last before the election, took a back seat Friday to
Nomura’s McElligott On Trump Virus News: This ‘Risks A Rapid Change To The Market’s Assigned Election Probabilities’
“Fresh tails” are piling up, Nomura’s Charlie McElligott said, in a Friday note, as the
Jobs Report Misses As Government Payrolls Decline. Revisions, Falling Unemployment Rate Soften Blow
The US economy added 661,000 jobs in September, far less than the 875,000 the market
Renting In New York And San Francisco Just Got A Lot Cheaper. Any Takers?
If it’s evidence of de-urbanization in the US you seek, consulting recent housing market data
What If We’re Watering A Dead Tree?
On Wednesday, I talked a bit about the extent to which some decisions made during
People Have Less Money When You Stop Sending Them Checks, Data Confirms
Personal incomes fell 2.7% in August, according to data that is by now so stale
ISM Miss Adds To ‘Cooling’ Narrative As Rebound Drags On
Rounding out a deluge of Thursday data was ISM, which missed for September, albeit not
Jobless Claims ‘Improve,’ Still Worst Ever Outside Of Pandemic
837,000 Americans filed for unemployment benefits last week, confirming (again) that the labor market has
When Is A Silver Bullet Not A Silver Bullet?
When is a silver bullet not a silver bullet? That’s a question market participants need
Cast Members
Wherever they end up, negotiations around another virus relief package in the US haven’t gone
Strong ADP Report Bodes Well For September Payrolls As Stimulus Talks Continue
US firms added 749,000 jobs in September, ADP said Wednesday. That was more than the
Chicago PMI Was So Good It Decided To Come Out Early
The Chicago PMI is supposed to come out at 9:45 AM ET, but on Wednesday,
China PMIs Beat, Ostensibly Bolstering Recovery Case
China’s economic recovery remained largely on track in September, PMI data out Wednesday suggested. The
Ambiguous Ambiguity
When it comes to US equities and a prospective Joe Biden administration, the debate has
‘For Some Reason’ America’s Government ‘Just Can’t Get It Done’
The daily rate of positive coronavirus tests hit 3.25% in New York City, Bill de
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