U.S. June Payrolls Come in the Sweet Spot
Email – #103
Dear Reader,
Our scenario is playing beautifully: U.S. equities are taking a sideways breather after a strong run-up recently as they encounter the headwinds of higher energy prices, more sub-prime mortgage distress and a gradual easing of the labor tightness.
And the Fed is getting every day closer to easing rates. But prior to easing, [...]
U.S. Payrolls Allow for A Further Extension of the Rally
Email – #50
Dear Reader,
U.S. payrolls came in at 132,000 for June.
This measure, the best coincident indicator of the strength of the U.S. economy, is not too hot and not too cold. And it indicates that the U.S. economy is indeed coming out of the first-half slowdown – and that the weakness in the housing sector [...]
