The BLS reports payroll employment rises by 254,000 in September. I discuss two reasons the report is suspect.(Click on image to enlarge)Data from the BLS, chart by Mish Jobs vs Employment …Read Full Post »
climbs to near the round-level resistance of 1.3600 in Friday’s New York session. The Loonie asset strengthens as the United States (US) Nonfarm Payrolls (NFP) report showed that labor demand …Read Full Post »
S&P 500 peeked below 5,735 a few times yesterday, but selling stampede didn‘t happen. Retreating rate cut odds (75bp more cuts in 2024 are down to 10% from 29% a …Read Full Post »
SPOT Elliott Wave Analysis Trading Lounge Daily Chart,Spotify Technology S.A., (SPOT) Daily ChartSPOT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 5DIRECTION: Completion in wave 5DETAILS: We are now trading within MinorGroup2 of …Read Full Post »
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. While the …Read Full Post »