Most Interesting Day, in Months, Begins at 830A
Every month, the first Friday of the month, the US Labor Department releases non-farm payroll statistics at 830 AM, Eastern Time. That is in less than one hour.
Non-farm payrolls gives you the central data point from which you can get a feel for the state of the US economy. You would “think” that lower unemployment rates = good economy =good for risky assets (stocks the riskiest). This is not the transmission link that you should use (do your own research, etc) to understand what occurs.
You can say “in the long run,” this or that. That is totally fine, but that depends on YOUR definition of the long run. And that is full of Monday-morning quarterbacking.
Let’s put it to you this way. If the guy next to you has 1000 times more money than you, and his opinion is that the long run = 5 minutes, guess what? The long run = 5 minutes. And while you are wrong, you will have to think about whether or not the lower figures on your screen are worth it? That depends on the individual not on Barron’s or Kiplinger’s. It doesn’t make the statements of facts wrong, it can make the fit for you completely unfitting, however.
To determine this balance for you, is the specialty, not the commodity that can be bought on a newsstand. I’m biased.
Back to the show.
Goldilocks Might Be Absent This AM
The pickle is that there might be no such thing as “just right.”
This is a pretty wicked combination of headlines.
As Inflation Soars, Central Banks Scramble to Lift Rates (link).
US oil prices hit $90 a barrel for the first time since 2014 (link).
Mortgage refinance demand plunges 13% as interest rates climb toward two-year high (link).
U.S. Car Prices Have Passed Their Peak, Sellers Say (link).
You could’ve had an entire loaf
Just put the breadcrumbs together, it’s good that this is occurring right now, rapidly, so that you can get the information in a consolidated space, within a short period of time (lest you forget).
ebook format of Maximize Your Medicare (2022-2023 edition) is being released, this Monday. amazon.com is incorrect. Note that this can be wrong by a day or so (I am dealing with the publisher, and this is what I am told).
Don’t like to read books?
Medicare ABCs Masterclass, a series of nine videos, is available only to paid subscribers.