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Futures are up modestly after yesterday’s slide. The advance comes with an asterisk, though, as breadth continues to decline and interest rates continue to climb. continued for members… … continue reading →
There’s no sugar coating this morning’s PPI print for November. From the BLS: The Producer Price Index for final demand rose 0.4 percent in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices increased 0.3 percent in October and 0.2 percent in September. On an unadjusted basis, the index for … continue reading →
Futures are up moderately after the November CPI print, which increased both MoM and YoY versus last month. continued for members… … continue reading →
Futures are flat on the eve of tomorrow’s CPI print. continued for members… … continue reading →
Futures are flat on low volume as we approach the open. continued for members… … continue reading →
Nonfarm payrolls came in at 0.4% MoM (4.0% YoY) beating estimates of 0.3%. The unemployment rate increased from 4.1% to 4.2% despite the Americans thrown out of work by the hurricane or strikes returning to work. Though the results might muddy the case for a Fed rate cut in December, there was no mistaking the … continue reading →
Futures are again flat after initial claims exceeded expectations, another data point for the FOMC to consider with respect to their Dec 18 rate decision. continued for members… … continue reading →
Yesterday’s potential currency emergency fizzled after South Korea President Yoon Suk Yeol’s declaration of martial law was struck down by legislators who are expected to impeach the president today. The USDJPY, which had initially dropped through support, rebounded nicely, pushing the Nikkei up through 200-day resistance… …and enabling VIX’s continued meltdown. continued for members… … continue reading →
Futures are flat on another quiet day that probably won’t remain so quiet. continued for members… … continue reading →
Futures are flat as we enter the final month of a pretty solid year. Questions remain, however, regarding the economy’s ability to withstand the coming policy changes. continued for members… … continue reading →