Friday, September 3, 2021

Hurricane Ida, Terrible Jobs Report Can’t Keep Mr. Market Down

The stock market rally finally suffered substantial losses Thursday as the 10-year Treasury yields continue to rise. So, do we find ourselves staring down the barrel of a broad stock market retreat or a sector rotation?

Hurricane Ida, Terrible Jobs Report Can't Keep Mr. Market Down

September 03, 2021

Sometimes, things are not what they seem...


Friday morning got off to a rocky start, when the Nonfarm Payrolls Report — literally the data release all us financial wonks were waiting to see this week — came out…


And the numbers were terrible


Only 235,000 jobs added versus 733,000 expected… yikes.


If you're a working economist and a data point misses your forecast by 67%, it's time to go back to the drawing board and rebuild your model from scratch.


That said, headline numbers can often be misleading. So it's always worth our time to check under the hood before trading a terrible jobs report.

So What's Going On?

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An Energy Play After My Terrifying Encounter With Hurricane Ida

September 2, 2021

Well, I had an interesting Wednesday... I wanted to give you a free energy trade after the hurricane, but I wasn't able to for reasons well beyond my control.

Continue Reading

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