Goldilocks lives? On today’s reaction to bad jobs numbers, I’m wondering if my November obit for the Goldilocks market was premature
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Why are U.S. stocks shrugging off today’s bad (really bad) jobs numbers?
Explaining this jobs report is basically guesswork at this point. At this point we don’t know whether this very disappointing result is a significant data point that should lower projections of the economic trend or a one-off event that doesn’t say much of anything.
Major nerves over minor economic data tomorrow
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...As we begin 2014, the question is To rotate or not to rotate
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...GDP surprise raises hopes for 2014 growth
The most recent revision of third quarter GDP puts growth for the at 4.1%–the best growth rate since the fourth quarter of 2011. Does this way that 2014 will be better than expected?
GDP pops to 3.6% in today’s second estimate, but that’s not as meaningful as it seems
Today’s release of revised third quarter GDP growth is frustratingly inconclusive—if you’re looking for, as the market is, a strong trend that might indicate which way the Fed will jump on the taper/no taper decision at its December 18 meeting
Higher than expected ADP jobs numbers raise worries over Friday’s government jobs data–and a Fed taper decision on December 18
Today’s private company jobs survey from ADP, showing a gain of 215,000 jobs in November, has raised worries that the official U.S. government jobs numbers due on Friday will be stronger than expected and lead the Federal Reserve to begin tapering off its $85 billion a month in asset purchases at its December 18 meeting
Yen, oil, gold all fall on Iran news
The news on Iran has led to selling of Japanese yen, oil, and gold as investors and traders have decided that the world isn’t as risky a place as it was just a few days ago. The Japanese yen, the world’s favorite safe haven currency, fell 0.45% against the dollar to 101.71. West Texas Intermediate fell 0.89% to $94 a barrel and gold declined 0.17% to $1242 an ounce.