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We’re lastly seeing an actual slowdown within the job market.
1) 150,000 jobs added (gov’t made up 1/3)
2) Labor pressure went DOWN -201,000
3) 3.9% unemployment price highest since early 2022
4) August & Sept. revised DOWN sharplyNothing to panic about. Nevertheless it factors to slower development pic.twitter.com/3htiEnUbmO
— Heather Lengthy (@byHeatherLong) November 3, 2023
The unemployment price ticked as much as 3.9% in October, just under the 2017-19 common. pic.twitter.com/1hhzBsgIEI
— Steven Rattner (@SteveRattner) November 3, 2023
“If the financial system rolls over as I count on, the Fed shouldn’t be going to chop charges 50 foundation factors. They’re going to chop charges 200 foundation factors,” says @DLineCap’s Jeffrey Gundlach pic.twitter.com/xTnOTqvedb
— CNBC’s Closing Bell (@CNBCClosingBell) November 1, 2023
That is the twenty fourth time the Russell 2000 closed at a 52-week low, then surged to its finest 4-day rally in at the very least 3 months.
A 12 months later, the small-cap index was larger 100% of the time with a median return of +25.6%. pic.twitter.com/gZNTBECMO9
— Jason Goepfert (@jasongoepfert) November 2, 2023
2-year low in % of unprofitable corporations within the Russell 2000 $IWM pic.twitter.com/nNoLt7Mn4K
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) November 3, 2023
Shopper sentiment (U of Mich) is lagging each shopper confidence (Convention Board) and Fintwit sentiment.
by way of Goldman Sachs pic.twitter.com/Tzy1ppFUJk
— Each day Chartbook (@dailychartbook) November 2, 2023
$2.99/gal is essentially the most generally seen #gasprice in america at this time, some 38,000 stations, or 25% of the nation’s fuel stations have this value or higher, in keeping with GasBuddy knowledge. Verify the app for the very best value close to you! pic.twitter.com/qy1mgdpdUW
— Patrick De Haan ⛽️📊 (@GasBuddyGuy) November 1, 2023
Gasoline costs have fallen for 35 straight days and for 43 of the previous 45 days pic.twitter.com/eMSVn4fCYS
— Robert Burgess (@BobOnMarkets) November 2, 2023
Truthfully TAMMY is fairly good, could use. I can’t overstate how a lot 5%+ yields in cash market funds have modified habits/flows this 12 months. They like a large vacuum cleaner. One trillion {dollars} and counting. https://t.co/C2ECvHi8f5
— Eric Balchunas (@EricBalchunas) November 1, 2023
All of the individuals who mentioned SBF would by no means be charged and so forth. due to his political donations.
In all probability one of many clearest examples of what’s a quite common phenomenon, the place the savvy individuals who need “the true story” are usually the largest dupes who fall for the dumbest concepts.
— Joe Weisenthal (@TheStalwart) November 3, 2023
$300m went into crypto funds this week. Greatest influx in nearly 18 months. pic.twitter.com/d1z3h31Kvc
— Tom Dunleavy (@dunleavy89) October 30, 2023
Redfin: Nearly Third of Properties for Sale Are New Building–the Highest Shr of Any 3Q on Document
Redfin: New Builds Are Taking Up Rising Shr of the Pie as Builders Appeal to Consumers With Concessions
Nationwide, 30.6% of U.S. single-family properties on the market within the third quarter have been…
— *Walter Bloomberg (@DeItaone) October 31, 2023
“Of the 399 corporations which have reported to this point (80% of the S&P 500): Total, 82% are beating estimates, and people who ‘beat’ are beating by a median of seven%.” @fundstrat
— Sam Ro 📈 (@SamRo) November 3, 2023
B of A: “.. Keep in mind ready for a greater entry level? .. S&P 500 consensus long-term development expectations are close to all-time lows – excluding the Magnificent 7 .. The chance of a constructive shock in larger beta shares is excessive in our view ..” [Subramanian] $SPX pic.twitter.com/GkgawCv3ar
— Carl Quintanilla (@carlquintanilla) November 3, 2023
$EL is down 20% at this time after one other disappointing earnings launch, which implies the inventory is now ~75% off its all-time highs.
We simply created this visible evaluating the final 5 quarters’ development charges of each Estée Lauder and its essential competitor $OR.PA: pic.twitter.com/ckvLrRnefU
— Quartr (@Quartr_App) November 1, 2023
Canada Goose, a luxurious model:
“Our outlook for the H2 2024 has come beneath strain…Consequently, we noticed early momentum gathered in our Q2 2024 start to sluggish noticeably in September”$GOOS: -7.1% PM pic.twitter.com/LAEPYdg4f8
— The Transcript (@TheTranscript_) November 1, 2023
$POOL CEO: ““New pool building is more likely to end down, with models down 30% in 2023… Volumes on sure discretionary merchandise, comparable to above-ground swimming pools, heaters and cleaners mirrored weak point, suggesting shopper hesitation on these extra discretionary objects”
— The Transcript (@TheTranscript_) October 31, 2023
You seen it! I’m ALLOWED to push my seat again!!!! pic.twitter.com/vTlH4D6AmH
— Barstool Sports activities (@barstoolsports) November 1, 2023
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-… pic.twitter.com/zMfucMxOqe— Chamath Palihapitiya (@chamath) November 2, 2023
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