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
Stock futures were pointing to another down opening to markets. In the wake of the Fed hike Wednesday to the highest level in 16-years. Naturally, loving free dough, we snagged a little “lunch money” in the deal, but (I know this will sound odd) there’s no real pleasure to making a few bucks on a … Read More
This being Technical Tuesday, I want to focus a little attention on A.I. because “we small humans” have gotten a lot of past, dangerous, scary technology mostly wrong. Two examples are radio’s invention and atomic physics. Chosen because they demonstrate what happens when a technology is “done right – sort of – and when it’s done dead … Read More
My consigliere – a wizened tax attorney – is more than slightly savvy on Money. He was projecting an “economic showdown with China” as early as 1979. And here we are… So, when he called to talk about the “hollow money” problem – we both (being students of Long Wave Economics – knew exactly what … Read More
Ure has turned over a new leaf: shorter reports. Just not today. Job Cuts First Second horse pick in the weekly financial trifecta: Challenger Job Cuts: “Job Cuts Rise 15% in March 2023, Up 319% from Same Month Last Year, Highest Q1 Since 2020 | Challenger, Gray & Christmas, Inc. (challengergray.com) Which then continues with … Read More
Latest Case-Shiller/S&P report just out: “Data released today for January 2023 show that the trend of declining home price gains continued across the United States with declining prices reported in the San Francisco, San Diego, Portland, and Seattle markets. YEAR-OVER-YEAR The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census … Read More
Hard to make sense of the world through press off ejaculate “pressers” which artfully pick and choose morality to suit agitprop goals. However, through the lenses of history and economics, a pattern begins to fill in. And so, as near as we can figure it, the Weimar (II) has been saved by Powell as the … Read More
There’s too much going on to mess with flowery language today. We have a ton to cover before the next leg down. But we need, like the Air Force 2025 study did, circa 1996, to consider the long-term historical “Where’ve we been?” and “Where we are going?” kind of questions. Bank runs and Crypto’s role … Read More
Been a fine, if not damn near dandy week, here in the East Texas Outback. The time of year when “green up” happens – as the wild lands look greener than Ireland. The bank balances are greening-up nicely, as well. Because we have a useful kluge of a lot of technical gibberish and simple visuals … Read More
We have been telling you for years: If you are young, don’t expect to retire until at least 68 – and as of this morning it looks like the FRA (full retirement age) could be bumped to 70. Take a careful read of A bipartisan group of Senators is talking about raising the retirement age … Read More
Bipolar disorder is a great place to start. Although, like gout, BPD does come with some benefits. Like super creativity – depending on where you are in the cycle. Over on the subscriber side, I’ve been working on the market BPD indicator. Which as the preopen today was trying to tell us: On the subscriber … Read More
When I checked early this morning, Crypto’s leader (BTC) was down into the $23,800 range. Considering the high this week was over $25,000 three days ago; this was hardly encouraging news. The story out Thursday that got very little play was a joint statement by the Federal Reserve, Comptroller of the Currency, and FDIC. Bottom … Read More
No. We will not tell you here how to build a differential trading model, though on Peoplenomics.com for subscribers, sure. Instead, we will only give you the Big Picture based on early Futures prices today. The grim news today is that IF the market closes at the early futures pricing, THEN we are increasingly likely … Read More