Even if Friday’s equity market selloff (S&P 500 -2.3 percent) came on a light volume day due to the US Thanksgiving holiday, it is still a +2 standard deviation move…
Author: DataTrek Research
Global Equity Valuations, BABA, US Wage Growth
#1: October’s US state- and city-level unemployment data continues to show stark regional differences in the American labor market. October’s US national unemployment rate was 4.6 percent.20 states had less…
Powell Wins, Bonds/Tech Lose, 1 Percent Days
#1: Fed Chair Powell’s renomination yesterday had a marked effect on market expectations for future rate policy. The chart below, courtesy of CME FedWatch, shows the odds of various rate scenarios…
S&P ex-Big Tech, Profit Margins, Used Car Prices
Four topics today: #1: When does the market finally figure out what the S&P 500 can earn over the next 12 months? The FactSet chart below shows the trailing 1-year history…
Apple’s AV Ambitions: The Real Reason Why
Earlier today we got a note from Art Cashin, market sage and CNBC regular, asking us for a piece we wrote years ago about autonomous vehicles. Art’s memory is better than…
Full Employment? Ask Young Workers
The $64 question for the US labor market is how close are we to full employment in a post-pandemic world? One way we can assess this topic is by looking at…