DIA News and Press, SPDR Dow Jones Industrial Average From 06/20/24

2024-06-20 00:20:00 ET Summary Last month, for instance, government employment was up 2.7 percent, year over year, while private employment was up on 1.6 percent. Growth in government jobs has been outpacing private employment (year over year) for the past fourteen months. The...

2024-06-18 12:03:10 ET Summary Retail sales in the U.S. grew by +0.09% in May 2024, lower than the expected +0.30%. Data for prior months were revised downward significantly. The report generally confirms that the US economy has been slowing substantially during April and May....

2024-06-17 16:26:25 ET Summary I see an anticipated long-term B-wave high followed by C-wave correction in a larger scale sideways pattern, with a potential -25% decline for the Dow. Predictions of a world-changing technology revolution led by AI and robotics, shifting to Intellig...

2024-06-17 12:26:39 ET Summary The market is driven by funds and fear, fear-of-losing and fear-of-missing-out. Money is not a physical object, created by government spending and destroyed by taxation. Federal Government deficit-spending leads to private sector surplus, which c...

2024-06-14 14:13:30 ET Summary In addition to the often cited factors, we believe price inelastic behavior is keeping inflation from dropping faster. We discuss what may be causing price inelasticity and why it might reverse. As so much of the market moves based on interest ra...

2024-06-14 10:57:48 ET Summary Market volatility increasing due to snap elections in France, widening credit spreads across Europe. Spreads between French/German and Italian/German bonds widening, signaling global risk-off sentiment. US equity markets are driven by risk-taking...

2024-06-14 09:53:13 ET Wells Fargo argued that it sees the Federal Reserve stepping in and cutting rates twice in 2024 as the path to get back to 2% inflation is coming more into focus, with core inflation easing for the second consecutive month in May.... Read the full article on See...

2024-06-13 23:15:35 ET Summary Jabil stock dropped 16% when a weak Q2 earnings report was released in March. JBL closed at $121 June 13 and is down 23% from its 52-week high of $157. CEO Kenneth Wilson was replaced by CFO Mike Dastoor, a 24-year Jabil veteran. Despite the weak...

2024-06-13 22:25:42 ET Summary The latest economic data came mixed when all things considered. Both bulls and bears are making arguments that make sense on paper. There is plenty of uncertainty, but volatility and volume are at historically low levels, which causes even more c...

2024-06-13 18:13:55 ET Summary Bullish sentiment is up 5.6 percentage points to 44.6%. Neutral sentiment is up 0.7 percentage points to 29.7%. Bearish sentiment is down 6.3 percentage points to 25.7%. Pessimism among individual investors about the short-term outlook ...