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Off-Topic Stock Market & Crypto Discussion

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mr.h said:
Non farm payrolls down to 12000, but bureau of labor statistics blamed the hurricanes..
Unemployment rate stayed at 4.1%
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If you think about it, going from 200K+ every month down to 12K and the unemployment rate was unchanged? Kindda hard to believe, unless people are dropping out of looking for a job.
 
SpikeUM said:
If you think about it, going from 200K+ every month down to 12K and the unemployment rate was unchanged? Kindda hard to believe, unless people are dropping out of looking for a job.
Click to expand...
Rounding error?


Both the labor force participation rate, at 62.6 percent, and the employment-population ratio,
at 60.0 percent, changed little in October. These measures have shown little change over the
year. (See table A-1.)

The number of people employed part time for economic reasons was little changed at 4.6 million
in October. These individuals would have preferred full-time employment but were working part
time because their hours had been reduced or they were unable to find full-time jobs. (See
table A-8.)

The number of people not in the labor force who currently want a job, at 5.7 million, was
essentially unchanged in October. These individuals were not counted as unemployed because
they were not actively looking for work during the 4 weeks preceding the survey or were
unavailable to take a job. (See table A-1.)

www.bls.gov

Employment Situation Summary - 2024 M10 Results

www.bls.gov www.bls.gov
 
SpikeUM said:
If you think about it, going from 200K+ every month down to 12K and the unemployment rate was unchanged? Kindda hard to believe, unless people are dropping out of looking for a job.
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Yes, the numbers fluctuate, but I wouldn’t be surprised to see higher than normal payroll numbers next month, as so many workers re-enter the workforce.
 
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561caneforever said:
So on a day with a terrible jobs report the 10 year yield increases?
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And the previous 2 months were revised DOWN by 112K.

There is continuing concern that the Fed will accept higher inflation to help the job market, so they will keep cutting and ultimately reignite inflation.
 

Nvidia to join the Dow Jones Industrial Average, replacing Intel​


AI chipmaker Nvidia (NASDAQ:NVDA) will be added to the Dow Jones Industrial Average, replacing rival chipmaker Intel (NASDAQ:INTC), the blue-chips index owner said Friday.

Chipmaking giant Nvidia in talks with Elon Musk over investing in xAI: source​

Josh Kosman, Thomas Barrabi

Chipmaking giant Nvidia is in talks with Elon Musk about investing in his fast-growing artificial intelligence startup xAI, a source close to the situation said.
 
SpikeUM said:
And the previous 2 months were revised DOWN by 112K.

There is continuing concern that the Fed will accept higher inflation to help the job market, so they will keep cutting and ultimately reignite inflation.
Click to expand...


I posted the personal consumption expenditures (PCE) price index. It rose at an annual rate of 2.1% last month, down from 2.2% in August and in line with expectations. A 25bp cut will not raise inflation. The low job report was due to a Boeing strike and 2 devastating hurricanes….lets wait and see. Whoever wins this election, inherits a strong economy.
 
(Bloomberg) -- Exxon Mobil Corp. and Chevron Corp. capped Big Oil earnings season by revealing blockbuster increases in fossil fuel production — just as OPEC and its allies are preparing to increase the supply of crude into the global market.

The US oil majors’ increases were fueled by pumping record amounts of crude from the Permian Basin, which continues to surprise analysts with year-over-year growth and efficiency gains. Exxon’s oil and gas production, boosted by the $60 billion acquisition Pioneer Natural Resources Co., increased 24% from a year earlier while Chevron grew output by 7%.

Fuq the Saudis….
 
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Tony4Canes said:
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Expecting some halts all over the next 2 months. Up and down. Buy the dip.

IMG_8805.png
 
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MRK and AAPL are my two biggest holdings and they are down today. That offsets a lot of gains. Tons of stuff down, surprisingly . Hasbro, Phillip Morris, Nike, Home Depot.
 
TheEye said:
MRK and AAPL are my two biggest holdings and they are down today. That offsets a lot of gains. Tons of stuff down, surprisingly . Hasbro, Phillip Morris, Nike, Home Depot.
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Yup small caps is where it was at today.
 
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