Is Wage Growth Strong?

First, before I get into wage growth, I would like to correct an error I made in a previous article where I said the 8 day losing streak in the S&P 500 was tied for the longest ever. Today’s down day is the 9th straight which is the longest streak since 1980. The longest losing…

More Jobs Than Ever

Today we got the BLS non-farm payrolls jobs report, which indicates more jobs than ever. The headline missed expectations as we saw 161,000 in jobs gains instead of the 173,000 expected. Because of revisions to the past two months we saw an increase of 44,000 jobs. While my expectations for a miss were wrong, we…

Factoring Movement Into Tuesday

With the presidential election spread continuing to widen we turn to the most immediate economic news. Tomorrow will be last jobs report before the election. It will also be a key measure of what the Fed will do in their last meeting of the year. The markets have already factored in a 66% chance of…

Two Elections In The QE Economy

I am following two elections in the QE economy this November. The first election is the presidential election on November 8th. The second election is the Tesla-Solar City merger. Both elections will affect the market in different ways. Both are also symbolic of the way our current economic system is set up. It rewards those…

The Market Looks Unstable

The market looks unstable and extraordinarily weak right now. As I’m typing we are about to see the 8th down day in a row in the S&P 500. Trump is gaining in the swing state polls. The jobless claims have been shooting higher. Finally, Facebook had a bad earnings report which is sending it and…

Small Businesses Showing Weakness

Today the ADP report came out, with small businesses showing weakness. It wasn’t a great report when looking at the headline as the report showed 147,000 jobs created which was 18,000 below expectations. However, if you look deeper into the report, it looks even worse as small business job growth was the weakest category. Small…