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[CNBC] Why auto worker strikes against GM, Ford and Stellantis seem inevitable [Reuters] Back-to-school US spending set to hit record high in 2023 [Yahoo Finance] Million-dollar homes are the ‘middle class’ options for homebuyers in many cities [Reuters] Country Garden wins bond extension in relief for China’s property sector [FT] Cooling US economy gives Fed […]
S&P500 futures were up 0.7% immediately following the release of Friday’s August payrolls data. Non-farm job gains of 187,000 were marginally above the 170,000 consensus estimate (with July’s gain revised 30k lower). At 0.2% (0.24%), the increase in Average Hourly Earnings was below the 0.3% forecast and July’s 0.4% – and was the weakest reading […]
[Yahoo/Bloomberg] Stocks Higher After US Jobs Data: Markets Wrap [Yahoo/Bloomberg] Oil Heads for Robust Weekly Gain as Russia to Extend Export Cuts [CNBC] Payrolls rose by 187,000 in August, unemployment rate rises to 3.8% [AP] Rising tensions between employers and employees have put the labor back in this year’s Labor Day [Yahoo/Bloomberg] China Ramps Up […]
Today we look back on gold’s historical performance, silver’s current trends, how the dollar stacks up against gold, and the recent performance of the DOW. Thanks for listening!
[Reuters] Shares limp toward biggest monthly drop since February [Yahoo/Bloomberg] US Stocks Waver; UBS Boosts Europe Equities: Markets Wrap [Yahoo/Bloomberg] Asian Credit Spreads Widen Most in Five Months on China Fears [AP] Fed’s preferred inflation gauge shows a modest rise in latest sign of slowing price increases [AP] US applications for jobless claims inch back […]
[Yahoo/Bloomberg] Bonds, Stocks Fall as Inflation Makes Comeback: Markets Wrap [Yahoo/Bloomberg] Hong Kong Dollar Set for Worst Month Since 1985 [Yahoo/Bloomberg] Oil Gains on Signs of Tighter Market as US Stockpiles Seen Lower [CNBC] U.S. job growth slowed sharply to 177,000 in August, below expectations, ADP says [AP] US economic growth for last quarter is […]
Gold Carries With It Its Own Agency Central Planners Chase The Illusive “Neutral” Jackson Hole No Surprise: Higher For Longer There are a whole collection of things, false beliefs, conventions that are considered to be normal anymore, but really what they have been is the experiments of a class of elites, and I’m including in […]
[Yahoo/Bloomberg] US Stocks Waver as Traders Await Deluge of Data: Markets Wrap [Reuters] World stocks higher as China boost lingers for now [Yahoo/Bloomberg] China Stocks Post Measured Gains, Settle After Monday Whiplash [Yahoo/Bloomberg] Oil Edges Above $80 as Traders Seek Clues on Demand Outlook [Yahoo/Bloomberg] Florida Braces for Disaster With Idalia Set for Rapid Growth […]
