103 replies to this topic

[dTraderB]

On second thoughts....yeah, but we are not rolling back that 3% SPX rally on Friday after the report!

 

Here’s why the real unemployment rate may be higher than reported

KEY POINTS

• The unemployment rate fell to 13.3% in May, according to a Bureau of Labor Statistics report on Friday. 
• The agency admitted the real unemployment rate likely exceeds 16%.
• That’s due an error in how furloughed workers were treated in the data sample. April’s unemployment rate would have been nearly 20% absent that same error. 

 

https://www.cnbc.com...n-reported.html

[dTraderB]

Bring it on! With 65 SPY PUTS melting away, I am trading NQ 8- and 10-lots and daring the market to go down or else rake it in!

 

Look for the S&P 500 to turn positive for the year with a boost from the Fed in the week ahead

KEY POINTS

• The Fed’s two-day meeting is the big event for markets in the coming week, and traders are hoping for more details on stimulus and a possible new program.
• The S&P 500 was very close to being back in the green for the year, adding 4.9% for the week.
• Strategists expect the market’s reopening trade to continue driving investors into cyclicals, like financials and industrials, and other stocks that will be do well in an economic recovery.
• The bond market joined in the reopening trade for the first time in the past week, and rates jumped as investors sold safety plays and moved into riskier assets.

 

https://www.cnbc.com...week-ahead.html

[dTraderB]

Lance Roberts

 

@LanceRoberts

·

17h

 

Warren Buffett’s favorite valuation measure also supports current valuation concerns (which may explain why he is sitting on $137 billion in cash.). The following measure is the price of the Wilshire 5000 market capitalization level divided by GDP. https://realinvestmentadvice.com/macroview-rationalizing-high-valuations-wont-improve-outcomes/

https://realinvestme...prove-outcomes/

 

[dTraderB]

My apologies for not responding to posts during trading hours, too busy, can't take your eyes off the screen 

 

 

Hedgeye

@Hedgeye

·

15h

 

Just an unintentional oversight

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Nancy Yang

@n_yang

· 20h

UPDATE: Once again, the Labor Department acknowledged making errors in how it classified people as employed and said the real May rate is worse than the numbers indicate. The gov't made the same mistakes in April.

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[dTraderB]

Hedgeye

@Hedgeye

·

17h

 

The May unemployment rate is actually 16.3%, not 13.3%, because 4.7 million workers were misclassified as employed, but are really unemployed. and... Total jobless claims are approximately 35.89 million. (The implied unemployment rate is 23%.)

https://twitter.com/...974323034963974

 

Hedgeye

@Hedgeye

·

17h

 

The May unemployment rate is actually 16.3%, not 13.3%, because 4.7 million workers were misclassified as employed, but are really unemployed. and... Total jobless claims are approximately 35.89 million. (The implied unemployment rate is 23%.)

[dTraderB]

Sven Henrich

@NorthmanTrader

·

18h

 

Employment math:

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Robert Burgess

@BobOnMarkets

· 20h

Let me get this straight: The US government said Thursday that 9.14 million more Americans filed for jobless claims in May, and it also said today that 2.51 million jobs were added in May? This doesn't pass the smell test #jobs #JobsReport #markets

[dTraderB]

Sven Henrich

@NorthmanTrader

·

20h

 

"False ray of light"

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Lisa Abramowicz

@lisaabramowicz1

· 20h

Tom Gimbel, head of recruitment firm LaSalle Network, says today's jobs report may offer a "false ray of light" because almost all job gains stemmed from furloughed employees kept on the books due to PPP loans. He's seeing real weakness in new hiring. @bloombergradio @ptsweeney

Show this thread

[dTraderB]

 Sven Henrich

@NorthmanTrader

·

16h

 

History doesn't repeat, but sometimes it rhymes

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Todd Harrison

@todd_harrison

· 17h

Oh wow; just saw the $SPX is now +47% > the March low which = the reflex rally after the '29 crash. Did it in three months today vs. five back then; the next two yrs TBD. twitter.com/todd_harrison/…

[dTraderB]

Peter Tchir

 

@TFMkts

·

4m

 

Why I'm Shifting All the Way to Bearish Now https://realmoney.thestreet.com/investing/fixed-income/why-i-m-shifting-all-the-way-to-bearish-now-15341404… via

@RealMoney

$spy $qqq $iwm $hyg $jnk

[dTraderB]

What a chart!

CNBC

@CNBC

 

The better-than-expected jobs report follows a series of other recent data that points to a V-shaped recovery. Take a look at these charts: https://cnb.cx/2XYWJFe