ACTV News and Press, TWO RDS SHARED TR From 06/10/24

2024-06-10 11:05:00 ET Summary Nonfarm payrolls rose 272,000 in May, rebounding sharply from April’s gain, with a gain that was well above the consensus forecast. The Fed funds futures market this morning is pricing in modest odds that the first rate cut will now arrive at ...

2024-06-10 10:00:00 ET Summary The employment report released last Friday offered contradictory views of the state of the economy. If we look at some of the other labor data available to us, like the JOLTS survey that was also released last week, a picture of a softening labor mar...

2024-06-10 09:30:00 ET Summary It has been an interesting few weeks around the world. This ongoing noise is creating choppiness in our stock and bond markets. The latest jobs report for May showed that US job growth surged and wages accelerated. Nonfarm payrolls advanced 272,000 l...

2024-06-10 07:25:00 ET Summary With mixed elements, the market took the US jobs data as relatively strong and took the dollar and US rates higher. The EU Parliament election has shaken up European politics, with the Belgium government collapsing and French President Macron calling...

2024-06-10 06:30:00 ET Summary Today's market sentiment is almost apathetic compared to the frenzy of the late 1990s. The "weak breadth" conundrum lasted almost five full years in the late 1990s accompanied by the similar narrow leadership within the S&P 500 at that time as we...

2024-06-09 16:00:00 ET Summary As expected, the S&P500 broke to new all-time highs this week. The 5400-5412 target is getting close. This article looks at why 5400 may be significant, and where the bullish bias will change. The S&P 500 (SPY) has made some err...

2024-06-09 06:15:00 ET Summary CPI report for May is expected to show cooling on the headline, with a 0.1% increase m/m and 3.4% increase y/y. Core CPI expected to remain on trend at 0.3% increase m/m and 3.5% increase y/y. Overall inflation trends have not changed much since ...

2024-06-08 08:01:46 ET Summary Thus far, the consumer has been resilient - supported by a strong job market, excess pandemic savings, and solid wage gains. MACRO trends are pulling at consumers' purse strings, questioning the sustainability of the positives. It should be clear...

2024-06-08 05:05:00 ET Summary The ECB and Bank of Canada cut rates this week, with markets seeing the global central bank community's easing cycle now underway. Booming markets have a way of disregarding corrosive fundamental factors. Especially in today's backdrop, there are com...

2024-06-08 03:20:00 ET Summary Many consider the PMI a key economic indicator, but it is not. The PMI, currently below 50, reflects market pessimism. The pessimism appears to be easing, and the next couple of reports could bring us over 50. Many consider the PMI a ke...