Data-focused investors and traders sat down to some of the softest hiring growth data in nearly four years today… and they reacted accordingly, sending stocks mostly lower. Weak jobs data adds up to a weak consumer finance sector. At the same time, as the numbers get worse, we’re seeing some consume
There’s some big data coming our way this week: jobs data. We’ll get a glimpse of how the market is primed to receive positive or negative news, whether it’s “bad news is good news”... or the other way around. The Fed, of course, is set to cut rates this month. The market could take them
I guess the “animal spirits” wanted to make sure we were paying attention after the three-day holiday weekend… September is historically one of the weakest, and by some measures the weakest, months for stocks. They’ve managed September gains only around 41% of the time going all the way back to 1897
It was supposed to be so easy! We were supposed to get dynamite earnings reporting from Nvidia and the markets were supposed to rally like crazy from Wednesday night on… That’s not what we got. We got meh earnings and two days of drifting, low-volume, sludgy slop-fest. No fun. But I think we could g
Nothing happens in a vacuum and everything’s connected - the thing that makes markets interesting can also make them… well… challenging. Today, we’re going to use a different comparison device, and look at the relationship between energy and consumer spending - and we’ll confirm what we find using u
The entire market was moving in slow motion in advance of Nvidia’s earnings - after all, we’re talking about more than 6% of the entire S P 500. It’s the 1,000-lb gorilla of stocks. Over on the NASDAQ, where Nvidia is even more important, there was more than $4.50 worth of expected move baked into Q
To the casual observer, stocks look to be drifting around on a Lazy River ride, but the truth is, they’re consolidating their recent gains. This is actually bullish price action. But you can sense the palpable anticipation of Nvidia’s earnings report, which hits tomorrow. In my view, the reaction co
It was cute to watch Chairman Powell speak at a luxurious resort at Jackson Hole, on the edge of the old Frontier. To his credit, he addressed the root causes of inflation - spending and monetization… but then he laughed off the notion that they got the “transitory” part wrong. It’s easy for those i
The markets are buzzing with energy as traders react to the latest insights from Jackson Hole! The Fed's comments have stirred up fresh waves of volatility, keeping everyone on their toes. Bonds look ready to break out, and the Dollar flirting with the 100 mark adds to the excitement. With negative
