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OleWarSkuleAlum
Alabama Fan
Member since Dec 2013
7272 posts

Jobs report, Fed Chair Powell speaks — What to know in the week ahead
quote:

Economic calendar

Monday: Markets closed in observance of Labor Day

Tuesday: Markit US Manufacturing PMI, August final (50.0 expected, 49.9 in July); ISM Manufacturing, August (51.2 expected, 51.2 in July); ISM Prices Paid, August (46.8 expected, 45.1 in July); Construction Spending month-on-month, July (0.3% expected, -1.3% in June)

Wednesday: MBA Mortgage Applications, week ended August 30 (-6.2% prior); Trade Balance, July (-$53.4 billion expected, -$55.2% in June)...FED BEIGE BOOK

Thursday: ADP Employment Change, August (146,000 expected, 156,000 in July); Initial Jobless Claims, week ended August 31 (215,000 expected, 215,000 prior); Continuing Claims, week ended August 24 (1.688 million expected, 1.698 million prior); Markit US Services PMI, August final (51.0 expected, 50.9 in July); Markit US Composite PMI, August final (50.9 in July); Factory Orders, July (1.0% expected, 0.6% in June); Durable Goods Orders, July final (2.1% expected, 2.1% in June); Durable Goods excluding Transportation, July final (-0.4% expected, -0.4% in June); ISM Non-Manufacturing Index, August (54.0 expected, 53.7 in July)

Friday: Change in Nonfarm Payrolls, August (159,000 expected, 164,000 in July); Unemployment Rate, August (3.7% expected, 3.7% in July); Average Hourly Earnings year-on-year, August (3.1% expected, 3.2% in July); Labor Force Participation Rate, August (63.0% prior)

Earnings calendar

Monday: Markets closed in observance of Labor Day

Tuesday: N/A

Wednesday: American Eagle Outfitters (AEO) ahead of market open; MongoDB (MDB), Palo Alto Networks (PANW), Slack (WORK) after market close

Thursday: DocuSign (DOCU), Lululemon (LULU), PagerDuty (PD), Zoom Video Communications (ZM) after market close

Friday: N/A


LINK

My outlook is for an overall sideways week with a slight downturn on Friday after Powell’s comments with the S&P closing at 2900.


iAmBatman
USA Fan
The Batcave
Member since Mar 2011
9061 posts

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
Eat shite frickwad


Mr.Perfect
LSU Fan
Louisiana
Member since Mar 2013
16698 posts

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
Thought you were done?


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111
Tigers4life
LSU Fan
North Carolina
Member since May 2004
1262 posts

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
quote:

Earnings calendar


CrowdStrike Holdings, Inc. (CRWD) earnings on Thursday. Computer software is one of the top growth industries right now.


OleWarSkuleAlum
Alabama Fan
Member since Dec 2013
7272 posts

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
quote:

CrowdStrike Holdings, Inc. (CRWD) earnings on Thursday. Computer software is one of the top growth industries right now


Do you have any particular insight?


Tigers4life
LSU Fan
North Carolina
Member since May 2004
1262 posts

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
quote:

Do you have any particular insight?



Only that they reported first earning back in July after its initial ipo and had 100% growth in almost every category. Stock jumped after report. Companies have been spending big on cyber security lately and the industry has been one of the market leaders. It has recently pulled back as investors are likely taking profits before next earnings report this Thursday. Another good report could give an opportunity to own the stock. Seems everyone want to own high growth these days if overall market is in an uptrend. Always a risk.


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10
Tigerbait337
LSU Fan
Louisiana
Member since Aug 2008
20035 posts

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
quote:

Eat shite frickwad




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20
tigeraddict
LSU Fan
Baton Rouge
Member since Mar 2007
7473 posts

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
quote:

Private businesses in the United States hired 195 thousand workers in August 2019, more than an expected 149 thousand


ADP

Muh Recession....


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20
Bard
LSU Fan
Tigerdroppings Platinum Member
Member since Oct 2008
34003 posts
 Online 

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
quote:

Thursday: ADP Employment Change, August (146,000 expected, 156,000 in July);


195k, try again.


***EDIT*** Dammit, tigeraddict beat me to it.
This post was edited on 9/5 at 7:49 am


jimbeam
USA Fan
University of LSU
Member since Oct 2011
56258 posts

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
No O.W.S.A. post today? Muh recession? Nothing?
This post was edited on 9/5 at 11:43 am


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USA
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castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
60817 posts
 Online 

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
This recession has been unlike anything we've ever seen.


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40
DawgCountry
Kennesaw St. Fan
Great State of GA
Member since Sep 2012
24226 posts

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
Well this is awkward....


90proofprofessional
LSU Fan
Member since Mar 2004
22815 posts

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead


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05
90proofprofessional
LSU Fan
Member since Mar 2004
22815 posts

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
guys?

no one's breathlessly posting about how the official jobs numbers missed by 30k, even if you include 25,000 temporary census workers? i mean the report came out over an hour ago!

guys?


LSURussian
LSU Fan
Member since Feb 2005
116180 posts
 Online 

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
Take your negative political shite back to the Poli Board. Thanks.


90proofprofessional
LSU Fan
Member since Mar 2004
22815 posts

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
i might, i might not

if the responses op gets are fair game, my posts certainly have been



eta: i'll point out however that my "negative political shit" is consistently data-driven, even if you hate it
This post was edited on 9/6 at 9:47 am


LSURussian
LSU Fan
Member since Feb 2005
116180 posts
 Online 

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
quote:

is consistently data-driven,
Nah. That's just more of your typical bull shite.

If you were 'data driven' you would have mentioned "the employment figures were cushioned by strong wage gains which should support consumer spending and keep the economy expanding..." LINK

And as explained in the details of the data, as described this morning on CNBC by Larry Kudlow, the shortfall in jobs was impacted by the lack of eligible workers with the requisite skills. The job openings were there. The needed workers for those open jobs were not.

That's a great problem to have. We never had such a wonderful problem under Obama.

But go ahead and stay negative and miserable if it makes you happy about your own life.


90proofprofessional
LSU Fan
Member since Mar 2004
22815 posts

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
quote:

If you were 'data driven' you would have mentioned "the employment figures were cushioned by strong wage gains

Wait, what's your standard- exhaustively noting everything? Would the dip in weekly hours this year, particularly in manufacturing, be included as well? Should it even stop there, as there are more aspects to all of these reports?

Payrolls is the headline point of this report. And it is the authoritative report. Not the ADP one from yesterday- which several posters immediately came to tout- although it is often a good preview.

quote:

and keep the economy expanding

I've stated more than once that i don't see an imminent recession. A deceleration is here, though.
quote:

And as explained in the details of the data, as described this morning on CNBC by Larry Kudlow, the shortfall in jobs was impacted by the lack of eligible workers with the requisite skills

That is "explained in the details" of the BLS data? Show us where, because that really sounds made up. Larry Kudlow does not speak for them on authoritative data points, nor does any shill for any administration.

quote:

That's a great problem to have. We never had such a wonderful problem under Obama.

It is. But real wage growth doesn't look like it's truly under much new pressure, if you just step back and look at wage data.



quote:

o ahead and stay negative and miserable if it makes you happy about your own life.

yawn


Bard
LSU Fan
Tigerdroppings Platinum Member
Member since Oct 2008
34003 posts
 Online 

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
quote:

guys?

no one's breathlessly posting about how the official jobs numbers missed by 30k, even if you include 25,000 temporary census workers? i mean the report came out over an hour ago!

guys?


A continued Unemployment rate of 3.7%, the LFPR increased by .2% for July and wages rose another .4% and retail spending is still in the positive YoY at 3.4%.

CCI dropped but that's to be expected with the ridiculous recession narrative the media was pushing (like tomorrow we will be in a recession versus the reality that it takes 6 months to qualify as a recession). Even with that, Spending rose an impressive 344B YoY.

All-in-all, this July wasn't anything great but it wasn't the end of the world either.

August is back-to-school month. Expect stronger YoY sales and consumer spending to continue. If/when Nancy will stop holding the USMCA hostage, expect another boost in CCI which will make investment outlooks better.


LSURussian
LSU Fan
Member since Feb 2005
116180 posts
 Online 

re: Jobs report, Fed Chair Powell speaks — What to know in the week ahead
quote:

that really sounds made up.
quote:

The US economy doesn’t have enough workers.

For a record 16 straight months, the number of open jobs has been higher than the number of people looking for work. The US economy had 7.4 million job openings in June, but only 6 million people were looking for work, according to data released by the US Department of Labor.



he numbers are pretty clear about what comes next. If 7.4 million jobs are open and only 6 million people are looking for work, then employers need to find a lot more workers.


August 12, 2019


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