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Started By
Message
Jobs report, Fed Chair Powell speaks — What to know in the week ahead
Posted on 9/1/19 at 4:45 pm
Posted on 9/1/19 at 4:45 pm
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.
7
Posted on 9/1/19 at 6:42 pm to OleWarSkuleAlum
Eat shite frickwad
Posted on 9/1/19 at 7:47 pm to OleWarSkuleAlum
Thought you were done?
Posted on 9/1/19 at 11:15 pm to OleWarSkuleAlum
quote:
Earnings calendar
CrowdStrike Holdings, Inc. (CRWD) earnings on Thursday. Computer software is one of the top growth industries right now.
Posted on 9/2/19 at 9:05 am to Tigers4life
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?
Posted on 9/2/19 at 11:36 am to OleWarSkuleAlum
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.
Posted on 9/2/19 at 9:23 pm to iAmBatman
quote:
Eat shite frickwad
Posted on 9/5/19 at 7:46 am to OleWarSkuleAlum
quote:
Private businesses in the United States hired 195 thousand workers in August 2019, more than an expected 149 thousand
ADP
Muh Recession....
Posted on 9/5/19 at 7:48 am to OleWarSkuleAlum
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 9/5/19 at 7:49 am
Posted on 9/5/19 at 11:42 am to Bard
No O.W.S.A. post today? Muh recession? Nothing?
This post was edited on 9/5/19 at 11:43 am
Posted on 9/5/19 at 11:43 am to Bard
This recession has been unlike anything we've ever seen.
Posted on 9/5/19 at 6:26 pm to OleWarSkuleAlum
Well this is awkward....
Posted on 9/6/19 at 7:30 am to DawgCountry
Posted on 9/6/19 at 8:43 am to Bard
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?
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?
Posted on 9/6/19 at 9:34 am to 90proofprofessional
Take your negative political shite back to the Poli Board. Thanks.
Posted on 9/6/19 at 9:46 am to LSURussian
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 shite" is consistently data-driven, even if you hate it
if the responses op gets are fair game, my posts certainly have been
eta: i'll point out however that my "negative political shite" is consistently data-driven, even if you hate it
This post was edited on 9/6/19 at 9:47 am
Posted on 9/6/19 at 10:00 am to 90proofprofessional
quote:Nah. That's just more of your typical bullshite.
is consistently data-driven,
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.
Posted on 9/6/19 at 10:38 am to LSURussian
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
Posted on 9/6/19 at 10:48 am to 90proofprofessional
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.
Posted on 9/6/19 at 10:49 am to 90proofprofessional
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.
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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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