Will we get a clue on June’s jobs number?

On Friday we get the monthly employment report from the government for June and be able to access the first six months of 2018.

Last month well before the 8:30am release time President Trump tweeted “Look forward to seeing the employment numbers at 8:30 this morning.” The tweet moved the market leading many to say he should not have done so.

Wall Street is expecting gains of 191,000 jobs for June, with the unemployment rate to remain at 3.8 percent. In May the jobs number was 223,000, which resulted in Trump’s tweet.

So if there is no tweet on Friday morning, then the Street may sell of prior to the release. This is the reason for not breaking the embargo by hinting a good number is about to come out.

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The Fed’s $14B bazooka bailed out stocks three weeks ago

Earlier this month, on the morning of Feb. 7th, I wrote about their being something rotten in the markets.

The day prior the Dow Jones index moved 1,167 points intraday. I wrote at the time the Plunge Protection Team’s fingerprints were all over the move. Continue reading

Gold, bitcoin loving the sturm und drang of markets

Before you could figure out how the market would react this morning to flat retail sales for the holiday quarter, Dow futures were up bigly on Wednesday.

Then before you could look up the definition of inflation this morning, the market was down “bigerly” on the Consumer Price Index report. Continue reading

Stocks, bitcoin moving higher as volatility is quelled

Please excuse the sporadic posting, still in great pain as a result of my spinal surgery.

Stock markets around the world are back to rally mode with the exception of Japan.

The Olympic euphoria has even creeped into the cryptos with bitcoin up 10% for the day. Continue reading

Dow volatility may soon rival bitcoin’s price moves

SPECIAL SATURDAY POSTING

What the hell is going on in the stock market this week?

The Dow Jones index had a 1,000 point or 3% ride on Friday before settling up 330 points up 1.4%. over the course of the 5 days of trading there was a 6% range from highs to lows. Continue reading