Off-Topic Stock Market & Crypto Discussion

[TheEye]

My guess is this guarantees 75 bps in September, and increases the chances of recession/hard landing/stagflation. In other words, more risk off.

U.S. Job Openings Rose in July as Hiring Accelerated

Demand for workers has remained well above the number of total available workers in a tight labor market that is showing signs of a slight loosening.

www.wsj.com

I know some are still not joining the workforce. I wonder if rising rent will motivate some people?

 

[561caneforever]

Job openings are well above available applicants. That’s not Kool-Aid. We haven’t seen this in decades. And made in America is going to happen.

Job openings in the Service Sector.

 

[SpikeUM]

I know some are still not joining the workforce. I wonder if rising rent will motivate some people?

The government gave too much money away. Until that runs out.....

 

[mr.h]

Job openings in the Service Sector.

Education and health services have the highest openings of any industry.

 

[SpikeUM]

Some GOP States Push Back Against ESG Investing Trend

Republicans are stepping up their efforts to prevent investors from considering environmental, social and governance factors in their decisions.

www.wsj.com

 

[mr.h]

Strong manufacturing
13:45USDS&P Global Manufacturing PMI(Aug) 51.50.1451.351.314:00USDConstruction Spending (MoM)(Jul) -0.4% -0.98-0.1% -0.5% 14:00USDISM Manufacturing Employment Index(Aug) 54.21.724949.914:00USDISM Manufacturing New Orders Index(Aug) 51.31.0748.54814:00USDISM Manufacturing PMI(Aug) 52.80.505252.814:00USDISM Manufacturing Prices Paid(Aug) 52.5-0.4255.560
Any numbers over 50 indicates growth.

 

[SpikeUM]

Strong manufacturing
13:45USDS&P Global Manufacturing PMI(Aug) 51.50.1451.351.314:00USDConstruction Spending (MoM)(Jul) -0.4% -0.98-0.1% -0.5% 14:00USDISM Manufacturing Employment Index(Aug) 54.21.724949.914:00USDISM Manufacturing New Orders Index(Aug) 51.31.0748.54814:00USDISM Manufacturing PMI(Aug) 52.80.505252.814:00USDISM Manufacturing Prices Paid(Aug) 52.5-0.4255.560
Any numbers over 50 indicates growth.

The problem is, good news is now bad news, because of inflation. The 2 Yr is now at 3.52%.

 

[SpikeUM]

I could have put this in a number of threads, but I chose this one because Europe in a recession and China getting there is awful for global growth and obviously the stock market.

China’s Economic Woes Drag On With Factory Disruptions, Property Slump

Extreme weather and power shortages depressed manufacturing, while home sales fell for the 14th consecutive month.

www.wsj.com

 

[mr.h]

The problem is, good news is now bad news, because of inflation. The 2 Yr is now at 3.52%.

Good news is bad news and bad news is bad news..let’s hope we start to see inflation going down and we have rate hikes that are lower.

 

[Bird4um]

Health pays. Ed doesn't

Education and health services have the highest openings of any industry.

 

[JD08]

Health pays. Ed doesn't

In both cases, the actual hospital and school environments are stingy, but all the satellite companies supporting are making pretty good money.

 

[mr.h]

USDLabor Force Participation Rate(Aug) 62.4% 1.8862.1% 62.1%
12:30USDNonfarm Payrolls(Aug) 315K0.300 526
Above estimates. Labor force still growing
Hoping for a 50 rate hike

 

[mr.h]

Professional jobs and healthcare lead the way with retail sals #3.

 

[SpikeUM]

USDLabor Force Participation Rate(Aug) 62.4% 1.8862.1% 62.1%
12:30USDNonfarm Payrolls(Aug) 315K0.300 526
Above estimates. Labor force still growing
Hoping for a 50 rate hike

Closer to "goldilocks" than most recent data, especially the participation rate. My sense though, is that its still inflationary.

 

[mr.h]

Closer to "goldilocks" than most recent data, especially the participation rate. My sense though, is that its still inflationary.

Yes, and we might see seasonal hiring for the holiday. Hopefully higher supplies lead to lower prices on the retail end.
Hoping..lol

 

[mr.h]

IPhone is now the #1 phone in the US with 51% subscriber-ship, and is coming out with a iPhone 14 on September 7th. If only the mkt wasn’t dragging everything down.

 

[SpikeUM]

Since the market is breaking down again, technical support is at 3800, 3500, 3200

 

[Bird4um]

That was a big dead cat last month.

 

[SpikeUM]

The real scary part of this article is the mention of stagflation.

The Stock Market’s Real Inflation Fighters Might Surprise You

The conventional wisdom says now’s the time to invest in companies that have pricing power. But the last time the U.S. hit a prolonged period of stagflation, those stocks weren’t the real stars.

www.wsj.com

 

[SpikeUM]

That was a big dead cat last month.

For one month, the market forgot that "you dont fight the Fed".

FWIW, ML put out a research piece on Friday that 6 of their 10 key indicators showed that we had NOT yet established a bottom.