Nifty 50 Index Chart Technical Analysis - Friday, August 9
Nifty seems to have terminated Minor Wave 5 of Intermediate Wave (5), within Primary Wave ((5)) around 25100-50 mark on August 01, 2024.
Labor Hoarding: The Labor Market Lynchpin
According to the latest JOLTs report from the BLS, the number of job hires has fallen back to levels from 2017. Despite the rate of hires falling below the pre-pandemic trend, the labor market remains relatively strong.
Gold ETFs Globally Add Gold For Third Straight Month
Gold ETFs charted their strongest month since April 2022 in July.
Globally, ETFs added 48.5 tons of gold to their holdings last month, with funds in every region reporting increases.
Recession Debate: Citing the Sahm Rule, WSJ’s Greg Ip Says No Recession
Greg Ip says the conditions for recession are not in place. I disagree. And I show where and how he went wrong.
Residential Building Construction And Spending Sound A Warning For Goods-producing Employment
The final data point from last week that I wanted to catch up on was construction spending, and especially residential construction spending.