Afternoon Note
There are lots of handwriting and excuses for the job report today. Once the dust settles, months from now, I suspect it could be worse and not because of hurricanes and strikes. Keep watching those revisions.
On that note, I’m not sure why bond yields have reversed higher. This is perplexing and for weeks, many said it was trading with positive economic surprises.
Today, there was not a positive economic surprise, no matter how much the financial media circles the wagon.
ISM Manufacturing PMI came in at 46.5, down from 47.2 in September and missing the consensus estimate of 47.5.
Rate sensitive sectors, Utilities (XLU) and Real Estate (XLRE), are the worst performers. Consumer Discretionary (XLY) is in the lead after Amazon (AMZN) reported favorable earnings.
The Fear & Greed Index moved to Neutral from yesterday’s Fear reading.
Comments |
Today our Debt is $35.8 trillion and 135% of GDP. As the economy slows we must rely on more foreign investors to "cover" our interest payments. Attracting those investors is getting harder. P Krueger on 11/1/2024 1:45:37 PM |
Tweet |
12/6/2024 6:54 AM | POWELL NEEDS A WEAK JOBS REPORT |
12/5/2024 1:46 PM | Mixed Action ahead of Tomorrow’s Jobs Report |
12/5/2024 9:37 AM | LUCKY SEVEN STRIKES AGAIN |
12/4/2024 1:48 PM | Fed’s Powell on Deck |
12/4/2024 9:53 AM | MEGA CAP TO THE RESCUE (AGAIN) |
12/3/2024 1:29 PM | Lackluster Session |
12/3/2024 9:46 AM | STUMBLING HIGHER |
12/2/2024 12:52 PM | A Year for The Ages |
12/2/2024 9:40 AM | GREED & HOLIDAY CHEER |
11/29/2024 7:08 AM | IT COULD BE A FLIGHTLESS DAY |
11/27/2024 1:34 PM | Sticky Inflation |
11/27/2024 9:57 AM | RALLY BROADENS BUT FOCUS ON QUALITY |
11/26/2024 1:21 PM | Consumer Confidence Improves |
11/26/2024 9:40 AM | SHOTS FIRED |
11/25/2024 12:51 PM | Stocks Rise, Oil Slides |
11/25/2024 9:44 AM | Small-Cap Gains Momentum |
11/22/2024 1:35 PM | Setting For Weekly Gains |
11/22/2024 9:30 AM | THE PARTY WIDENS |
11/21/2024 1:31 PM | No Fear |
11/21/2024 9:38 AM | SOME BOTTOM FISHING AMID ALL THE CHASING |
11/20/2024 1:11 PM | All Eyes on Nvidia |
11/20/2024 9:50 AM | GENERALS TO THE RESCUE |
11/19/2024 1:30 PM | Shaken Off Fears |
11/19/2024 9:37 AM | TERRA FIRMA |
11/18/2024 12:57 PM | Animal Spirits |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|