NIFE News and Press, Direxion Fallen Knives From 09/02/22

Summary Jerome Powell attempted to set the tone in his Jackson Hole speech, the Fed was serious about fighting inflation and they would persistently work toward a 2.00 percent inflation rate. There will be more increases in interest rates and the Fed will step up its efforts to re...

Summary Since the last update in June, the NFIB Small Business sales and sentiment measures have only deteriorated further. Usually, small business owners are “optimistic” and believe the future will be better, except during recessionary periods. With sales now a...

Summary Sept. 2nd employment report for August showed a 315K increase in total nonfarm payrolls, which was above Investing.com forecast of 300K jobs added. Unemployment rate rose to 3.7%. Unemployment is usually a lagging indicator that moves inversely with equity prices. The ...

Summary The Labor Department reported another strong payrolls gain in August, but cooler than July's hot report. The unemployment rate ticked up to 3.7%. The broad U.S. stock market rose nearly 20% from its June bottom to the August high, but then dipped 10% to Thursday's low. ...

Summary A modestly weaker jobs report is reviving risk asset prices. Investors sense that this reduces the chance of a larger increase in short-term rates at the next Fed meeting. Yet, jobs are not the enemy in our battle against inflation. We need a strong labor market an...

Summary Stocks retreated in the second half of August, with all major indexes losing ground for the month. The energy sector was the strongest corner of the S&P 500 in August. On the global stage, emerging markets outperformed developed markets. A hot summer rall...

Summary After gorging on +9% gains in the stock market (S&P 500 index) during July, investors suffered some heartburn pain in August (-4%). The indigestion really kicked in after Federal Reserve Chairman, Jerome Powell, gave a frank and candid outlook during his annual monetar...

Summary The slowdown we’ve seen lately is really a flatlining as goods consumption corrects down to trend and services corrects up to trend. ISM released its Manufacturing PMI for August and the report was just about as perfect as you could ask for. Stocks and bonds bot...

Summary Before the Great Financial Crisis of 2008-09, savers could easily invest in perfectly safe GICs, bonds and savings accounts with interest rates over 4%. The low rate revolution became a war on savers that lasted the better part of twelve years. The yield on the five-ye...

Summary In the wake of Jackson Hole and more hawkish than previously expected Fedspeak, the S&P 500 is on pace for its worst week since June. Bearish sentiment’s eight percentage point week-over-week increase was the largest since mid-June and the third weekly increase ...