Surprise Labor Report?

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The market has seen significant volatility since the BREXIT and the circus in the US, which we certainly can’t proudly call a democratic election, is laying a rather bleak blanket of uncertainty over the US economic future. The bounce off the lows to push back into the highs came just as violently as the sell-off. Read more…

Potential Volatility

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First I must apologize for my absence. I have been on the road show and opening new offices, certainly taking a heavy toll on my sleep and also this report. There is certainly a lot of potential volatility in the market between the US Elections, Puerto Rico’s upcoming July $2 billion default, BREXIT, Economic Data, Read more…

Jobs Victory?

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Fridays Labor Report showed strong growth in the job market, enough so that President Obama was able to take a victory lap. Yet if one peers behind the headline number curtain, we see that the type of jobs and demographic are not as robust as the headlines would suggest. Over the years we have seen Read more…

Labor Perception

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Has the market recovered from the beginning of the year sell off? What has changed to bring back confidence to the equity markets? Were we oversold? Is the U.S. economy stronger or weaker? What will the Fed do next (raise rates, pause, perhaps lower rates)? These are the questions swirling around the financial markets, and Read more…

Got Jobs?

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The major indices broke supports and have visited some lows. Blame has been tossed around from North Korea’s supposed bomb test to Saudi Arabia’s relation with Iran. The boring reality is the flow of capital, which is controlled by interest rates, margin (leverage), and money supply. As the Fed Co-Chair mentioned, the Fed’s policy (QE Read more…

QE4 coming?

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Is QE4 coming? Of course that was just a headline to catch your attention. The Labor Report certainly was a bust and came in far lower than my expectations. However, it has certainly justified and offered an excuse for our “Data Dependent” Fed NOT to raise rates. Of course if you have been following the Read more…

Labor Report Impact

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The ADP was slightly better than expected, but also on a weaker trend than 2014. This morning the weekly jobless claims came in higher, at 277,000 vs. 270,000 expectations, but it was below the 300,000 level. That data is not great, but it is also not bad either. The question is whether or not the Read more…

ADP setting expectations

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The market seems to have found a support area. Yesterday we hung around the supports, waiting for the next shoe to drop – either to rally or to see a continued sell off. It’s a waiting game for next FOMC meeting in October and as we wait – the market is coiled to move and Read more…

Labor Report

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This morning will set the tone for the market heading into the September FOMC meeting. The Jobs report, if it comes out at either extreme will drive perception of whether or not the Fed will hike rates. Expect volatility at the opening, until this settles out. Labor Report This is probably one of the most Read more…

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