Sentiment Is Suddenly Very Bearish on Equities, SPX, NDX, RUT
It's been a volatile few weeks of trading as the S&P 500 pulled back a bit (and the Nasdaq pulled back a bit more). Bearish sentiment has grown as the price dipped. The $CPCE equity put/call ratio rose sharply this week to levels last seen in March 2020, near the beginning of the pandemic.
IN BUSINESS SINCE 1962, FUNDAMENTALLY, THE COMPANY SEEMS SOUND, SOURCING JOBS AND PROVING STAFFING IN THE AREAS OF HEALTHCARE, COMMERCIAL & PROFESSIONAL SERVICES.
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GEE Group Inc. was incorporated in the State of Illinois in 1962, is a provider of specialized staffing solutions and is the successor to employment offices doing business since...
The jobs numbers this week were pretty bad. In both absolute and percentage terms, Thursday's 20% uptick in initial jobless claims was the largest week-over-week increase since March 23, early in the pandemic. The uptick in continued claims was the largest since July 13.
The jobs deterioration comes as Covid-19 case numbers in the US continued to worsen this...
Early this morning, there was news for the Aussie for a speech and Great Britian's jobless claims of the coronavirus pandemic. Based on the chart of GBPAUD, it looks to be in a downtrend. Therefore, we are looking to sell it after these two news events this morning.
The non-farm payroll (NFP) report is a key economic indicator for the United States. It is intended to represent the total number of paid workers in the U.S. minus farm employees, government employees, private household employees and employees of nonprofit organisations.
Long until proven otherwise.
Forex noob trade.
Today the market surged higher despite the worst jobless claims data since September 2017 and also despite reports that Trump has no intention of delaying the December 15 tariff deadline. Investors apparently are betting that an eleventh-hour deal will get made before Sunday, but personally I'm not willing to gamble on that.
If the US does impose $150 billion of...
The bullish signals in my mind include:
1) Today's surge through resistance
2) The Fed keeping the rates the same from yesterdays meeting
3) Strong recent jobs report
4) USMCA trade agreement announced. Even though our politicians are mud slinging and financially irresponsible children, they managed to help the American worker and economy for once this year. I...
THE WORLD IS WITNESSING THE BIGGEST TRANSFER OF WEALTH IN MANY GENERATIONS. ANY PERSON, BANK, OUR COUNTRY THAT IS SELLING GOLD SO LATE IN THE LONG TERM DEBT CYCLE IS ASKING FOR WHAT THEY HAVE COMING. DON'T WE REALIZE THAT THE EXCHANGE OF WESTERN GOLD IS ONLY MOVING IN ONE DIRECTION! EAST!
I CAN'T UNDERSTAND WHY THE USA IS SO WORRIED ABOUT LOOSING IT'S...
Today's read (not accounted for in this chart) is starting to make this a bit worrying. ICSA rising again week over week, threatening to break momentum. ICSA is a noisy indicator, but if you simply add smoothing with a moving average calculation, it becomes a better version of the unemployment rate. I say it's better because it's not subject to data issues such as...
Where are these jobs numbers coming from?
On 5/4, the latest U.S. jobs report came out showing unemployment at 3.9%(?!?) with 164,000 jobs added and wage growth virtually nonexistent.
The market (DIA) couldn't decide what to do with that news early on, but Apple (plus tech overall) and energy (stocks like RIG ) were credited with lifting the indices higher,...