NFP Recap: Big Miss; But Was It Really That Bad?
Non-Farm payrolls released earlier today showed that the US added +194,000 jobs to the economy for the month of September vs an estimate of +500,000. The Unemployment Rate for September dropped to 4.8% from 5.2% in August and Average Hourly...
Silver – Another Failed Breakout?
Or more to come? Are we about to see silver break out of the descending channel and bring an end to months of a downtrend? The charts suggest we probably aren’t. Silver has rallied over the last week or so but today it’s run into significant...
Week Ahead – Fed Minutes and Inflation in Focus
A busy week in store Another fascinating week in the markets and there’s little reason to think there isn’t plenty more to come in the final months of the year. Russian President Vladimir Putin calmed investor nerves this week, reassuring...
Strong wage gains cast doubt that inflation is going away anytime soon
September’s wage gains provided more fuel to the argument that the current pace of inflation could run longer than many economists anticipate. Average hourly earnings rose 0.6% for the month, making the year-over-year increase 4.6%. Over the past six months,...
Stock market on comeback trail heads into what’s supposed to be another stellar earnings season
A specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, October 6, 2021. Brendan McDermid | Reuters Stocks proved hard to keep down this week, and the start of...
Stocks making the biggest moves midday: Marathon Oil, General Motors, Oatly and more
The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. Daniel Becerril | Reuters Check out the companies making headlines in midday trading. Energy —...
September jobs report hints at unemployment benefits’ muted role in pandemic labor market
A Now Hiring sign hangs near the entrance to a Winn-Dixie Supermarket on September 21, 2021 in Hallandale, Florida. Joe Raedle | Getty Images The September jobs report issued Friday offered yet more evidence that pandemic-era unemployment benefits didn’t hold...
WTI Oil Outlook: WTI Price Surges to New Multi-Year Highs on Global Energy Crunch
The WTI price probed through psychological $80 barrier for the first time since November 2014 on Friday and hit new 2021 high, on track for the fifth straight weekly gains and for over 5% advance this week. Oil prices were...
Stagflation: 1970s Deja Vu?
Summary The term “stagflation”, which was widely used in the 1970s and the early 1980s, essentially disappeared from the lexicon over the subsequent few decades. However, it has become in vogue again recently with the marked rise in inflation that...
September’s jobs creation comes up short with gain of just 194,000
The U.S. economy created jobs at a much slower-than-expected pace in September, a pessimistic sign about the state of the economy though the total was held back substantially by a sharp drop in government employment. Nonfarm payrolls rose by just...
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