Yeah – we need to piss test Wall Street. And the NYC Media Moguls. A rally based on what, Friday, for crying out loud? America deserves full disclosure of who’s getting what money (perks and comps) for doing such a horrible spin on the economy and blowing the stock market skyward with smoke and hype. … Read More
Sometimes, you can’t win for trying. The Fed (and the Biden administration) are facing a real mess with the Jobs data. The reason? If Jobs are too good then the economy overheats. There are signs of that even now. We’ll begin with a summary of this week’s jobs data. JOLTS: The report out Wednesday showed on the … Read More
Two snips of Jobs Data ahead of the “Offishall” numbers tomorrow. ADP Job creation report? Still strong-ish but pay’s going up. ROSELAND, N.J. – June 1, 2023 – Private sector employment increased by 278,000 jobs in May and annual pay was up 6.5 percent year-over-year, according to the May ADP® National Employment Report. To us, … Read More
Socialism’s darlings on the West Coast are starting to find their future is dimming quickly. Today, we consider latest Housing numbers – where the declines are clearest in financial terms. But, even beyond this, the ancillary data supports the notion of moving “Back East.” Toss in a barrel full of liberal Constitutional abandonment and excess … Read More
Case-Shiller/ S&P Corelogic press releases are missing in action. Either that, or we have landcd on the bad media list, somehow. So instead of some reasoned analysis, make due with the CNBC story here. Home price declines may be over, S&P Case-Shiller says. Problem for the market: This just SCREAMS to us that a minimum … Read More
Although the market is coiled to strike higher in the pre-open, a lot now depends on which “voice” of this hallelujah choir will crack first. Our report this morning will be in two parts – one of them being the Housing numbers in a few minutes. The level of violence in Ukraine continues to escalate … Read More
Not exactly a busy weekend. Sure, the word is a budget deal has been cut, but for now, we’re just waiting to see how the reviews will go on the hill where the Cast of Clowns II takes over. Where prospects are uncertain. Debt-Limit Deal Sets Up Tough Battle for Passage in Congress. We are … Read More
Sorry to report the anti-Alzheimer’s light project (designed to flick at 40 Hz to potentially improve cognition) didn’t get completely finished this week. Too little time and too much else going on. But we did make a good start on assembly, so let’s go from there. We begin with the pile of parts. (See last … Read More
A blow-off high at the market close Friday could face disappointment this coming week. Not only is there a Fed meeting on June 13-14,, but we also have recent less-than-stellar news about inflation. In all, while we admit to – even plan for – a continuing market rise for another two months, the late July … Read More
OK, line ’em up! We begin with a slug of reports of modest importance today. Let’s start with the Durable Goods because this is as much bellwether of future, as anything: It’s an OK report in that it doesn’t look like a recession before lunch. About the same time, here comes the International Trade report … Read More
I guess we should get the economics of life out of the way first. This being Thursday, the new unemployment filings are out: What matters most to us, here lately, is the state-drilldown into UI filings: GDP is holding up but remember when inflation is running “officially” in 5+ percent range, we get a lot … Read More
Graceful engineering ideas time – something to FWD to Elon Musk? – as we consider the Surgeon General’s concerns on Social and propose radical solutions. This is as discussion about the Magic Bullet that could save Twitter for Musk and turn it to a “best of class” concern, again. No, it’s not turning off your … Read More
Party Before Work, we believe. So before jumping brain-first into the news flow, it’s focus on the fun that we (supposedly) buy with all our hard work in Life: Pre-Hol(iday) Tasking Memo is a simple concept. We are 3 1/2-days out (no one will really work after lunch on a holiday weekend Friday, right?) from … Read More