U.S. September Jobs Report Soars Past Expectations
A discussion about the current state of the U.S. economy and key investor watchpoints ahead of third-quarter earnings season.
Will The Chinese Party Be Followed By A Hangover?
The timing of the financial and economic measures taken by the People's Bank of China (PBoC) was simply perfect.
Everything You Need To Know About Tesla’s Upcoming Robotaxi Event
After years of autonomous driving hype, will Elon Musk finally deliver?
NFP Blowout
Private nonfarm payroll employment surprises on the upside (big time): 223K vs 125K consensus (total NFP 254K vs. 147K consensus).
AI Unicorns: Cyera Uses LLMs For Data Security
San Mateo-based Cyera, is a rapidly growing player in the global data-centric security market that recently closed a $300 million funding round that sent it into the Unicorn club.
Grains Report - Friday, Oct. 4
Rice closed higher despite news of lower Asian prices after India opened up exports for non Basmati White Rice.
The Yield Curve’s “Infallible” Recession Signal Failed This Time
There are no absolutes in economic forecasting. Thinking otherwise eventually leads to trouble.
S&P 500 Earnings Dashboard 24Q3
24Q3 Y/Y earnings are expected to be 5.0%. Excluding the energy sector, the Y/Y earnings estimate is 7.1%.
Markets Are Shocked By The Hot Job Report
The September job report shocked the market.
Failures Hitting on All Cylinders. The Corn & Ethanol Report
CBOT corn futures were unable to score newer highs amid overbought charts and a probable expansion of rainfall in Argentina and southern half of Brazil.
The Dollar Soars - USDX’s Biggest Weekly Rally Since 2022
Like a coiled spring, or a ball kept underwater, the USD Index soars with vengeance, after multiple failed attempts to break below the previous lows.
Gold Getting A Boost From The "Debasement Trade"
Gold is being boosted by a “debasement trade,” and according to JPMorgan analysts, this dynamic “may have legs.”
Stocks Choppy Despite 'Soft Landing' Signals
Stocks are volatile this morning, as the initial pop from this morning's outstanding jobs report wears off.
Delta Gains Access To 9 Saudi Cities In Global Expansion Push, Stock Gains
Delta Air Lines expands its global reach through new partnerships with Saudi airlines while its stock shows strong gains, outperforming the broader market in recent periods.
The BLS Reports Jobs Rebounded More Than Expected In September
The BLS reports payroll employment rises by 254,000 in September. I discuss two reasons the report is suspect.
USD/CAD Jumps To Near 1.3600 As US NFP Beats Estimates
USD/CAD rises sharply to near 1.3600 after stronger-than-expected US labor market report. A robust pace in the US job growth data has forced traders to pare Fed’s 50 bps rate cut expectations. Higher Oil prices have strengthened the Canadian Dollar.
Again I Say Breaking, But Not Breaking
ADP employment change Wednesday came in above expectations, and last month it was manufacturing with -24K that was the drag on hiring, cancelled out by the same volume of government hiring.
Spotify Technology S.A. Stocks Elliott Wave Technical Analysis - Friday, October 4
We are now trading within MinorGroup2 of 300$, specifically around 372$ and 380$. Looking for further upside within wave 5 towards the next TradingLevel at 500$.
Surging US Jobs Suggests The Fed Needs To Tread Carefully
The US jobs report was incredibly strong on every front possible – job creation, unemployment, wages and hours worked. Nonetheless, caution lingers given the lack of corroborating data.
Analytical Overview of the Main Currency Pairs - Friday, October 4
The euro fell to a three-week low as weak Eurozone data and inflation below the ECB’s 2% target increased expectations of a rate cut. Markets believe there is a 95% chance of a 25bp rate cut this month.