Saturday Night Quarterback says, For the week ahead expect…
Next week I expect the battle in the financial markets over whether or not the Federal Reserve will increase interest rates at its NOVEMBER 1 meeting to heat up.
Apple’s plan to slow hiring sends stocks into reverse
The Standard & Poor’s 500 was on track for a decent day–the index was up 0.79% at 12:43 p.m. New York time–and then Bloomberg broke a story, picked up everywhere, reporting that Apple (AAPL) intended to slow hiring and reduce spending growth next year. The S&P 500 finished the day down 0.84% and Apple shares closed down 2.06%.
Workers quitting their jobs at record pace
As long as we’re on the subject of the labor market and how hard it is to figure out whether or not we’re about to see an outbreak of wage-driven inflation in this economy, let’s take a quick look at the June 8 release of the JOLTS (Job Openings and Labor Turnover Survey) from the Departed of Labor. On the one hand, the survey showed that job openings hit a record high of 9.3 million in April. The number of hirings stayed essentially level at 6.1 million. On the other hand, separations increased to 5.8 million. Separations is a category that includes firings, layoffs, and quits with quits considered by by voluntary separations initiated by the employee, according to the Bureau of Labor Statistics. And it’s the quits category that’s especially interesting right now.
What’s there to be afraid of this week? How about Wednesday’s CPI inflation report
Today’s drop in stocks–a drop of 1.04% for the Standard & Poor’s 500 and a loss of 2.55% for the NASDAQ Composite at the close on May 10–is a reminder that runaway economic growth is only one horn of the financial market’s fears about the Federal Reserve and higher interest rates.
Market worries that a smaller-than-expected drop in new claims for unemployment portends future downturn in economy
Initial jobless claims in regular state programs totaled a seasonally adjusted 1.3 million in the week ended July 11, down just 10,000 from the prior week, the Labor Department reported this morning. That's the smallest drop in the new claims since March and feeds...
Fed minutes from June meeting add dash of uncertainty to positive outlook
A slightly larger dash of uncertainty flavored the Federal Reserve's minutes from the June 12 to 13 meeting of the Open Market Committee. But since this is the same uncertainty that's been troubling the market in recent weeks, the minutes didn't have a huge effect on...
Notes You Need for October 19: Initial claims, Lyft and Google, Vale, iPhone8 sales, Black Monday anniversary
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. Today’s items include this one: “10:40 a.m.: Alphabet’s (GOOG) investment arm, CapitalG, has led a $1 billion round of investment in Lyft. The new round values Lyft at $11 billion. The funding is significant since Alphabet has been a big supporter of Uber and this investment suggests that Alphabet’s Waymo autonomous vehicle unit will work more closely with Lyft.”
Saturday Night Quarterback (on Sunday this week) says, For the week ahead expect…
Friday’s job report for September will be an even bigger deal than usual. The report comes as the market is thinking and then re-thinking its belief that the Federal Reserve will raise interest rates at its December 13 meeting.
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