The market got a brush of good news this morning.Wholesale prices fell slightly in August, according to the Bureau of Labor Statistics, heightening confidence that the Federal Reserve will trim its benchmark interest rate at a meeting later this month.
Read MoreLast week, we saw a doubleheader of bearish data coming from the jobs market… On the one hand, we saw virtually no new hiring — and on the other, we saw a noticeable uptick in claims for jobless benefits. Does that mean we’re headed into a recession?
Read MoreWelcome to the Thursday edition of Superforecast Trader! Matt will be along shortly to cover market movement this week and give instructions on closing out our Super Divergence trade. First, I want to discuss the latest jobless claims figures that were released this morning.
Read MoreHello, welcome back, and we hope that you had an amazing Labor Day weekend! With this weekend’s holiday, we’ve reached the end of Summer, and a relatively quiet time for job markets. Businesses are locked in a “wait-and-see” when it comes to hiring, but they’re also hesitant to lay anyone off for the downstream risk it might create during the holiday season and beyond.
Read MoreWelcome to the Thursday edition of Superforecast Trader! We have the latest numbers and, as I suspected, weekly jobless claims edged lower.
Read More
Enter your username and password below