Silver as an investment

Category Archives: Employment Situation Report

June Payrolls Preview: With The Fed On Autopilot, You Can Skip This One

After a poor March jobs report, followed by an April scorcher, then another debacle in May, the June payrolls report due at 8:30am will be… very much irrelevant, because as Citi pointed out earlier, the Fed is now data-independent and will keep hiking until financial conditions finally tighten (read: stocks drop). In other words, with […]

May Payrolls Preview: The Tiebreaker

After a poor March jobs report, followed by an April scorcher, the May payrolls report due at 8:30am on Friday will be the tiebreaker, not only for the current state of the economy where both soft and hard data have been deteriorating in recent weeks, but perhaps also for the June rate hike decision, which […]

Ahead Of Tomorrow’s Jobs Number, A Big Red Flag: Tax Withholdings Slump

From NIck Colas of Convergex Rubber Duckies and the Jobs Number Given the volatility of recent U.S. labor market data, markets will pay special attention to Friday’s Employment Situation report. Current expectations are for 175-180,000 jobs added, somewhat better than the 3 month average of 140,000. Wage growth will be the other statistic of note, […]

ZeroHedge: Fed Congressional Testimony Preview: Janet Yellen’s Shot At Redemption

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Via ConvergEx's Nick Colas, Google “The Fed” and the search engine will offer to autofill your query with “surrenders”.  That’s the result of a WSJ article from today with that title, but it also reflects market concerns that the U.S. […]

ZeroHedge: Tax Refund Tumble Tells Tale Of Tumultuous Recovery

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. As we detailed previously, the growth of federal income and employment tax withholdings, the broadest and most timely read on the health of the job market "has been sinking at an alarming rate." What is worse, as ConvergEx's Nick Colas […]

And Now A Warning For The Bulls: Gartman Is A “Buyer Of Any Intra-And Inter Day Weakness”

The long awaited moment has arrived. It was precisely one week ago, when we said “Bears have been duly warned“, after we revealed that Gartman just went bearish. Recall that in this broken, hilarious “market”, completing the trifecta of the only catalysts that matter, in addition to daily central bank intervention and stock buybacks of […]

Dennis Gartman Turns Bearish And Futures Hit Overnight Highs

For a brief period, it almost seemed as if we are back to a normal market: bad news for the global economy (and there has been more than enough in the past 2 days out of China) were bad news for risk and stocks. And then, the clockwork USDJPY/XIV levitation started. Why? Who knows, ask […]

Gartman Stopped Out Of Treasury Short

One week ago, we warned that after once again bottom-ticking the 10Y like a true professional, Dennis Gartman was about to be stopped out of his Treasury short which he had “put” on on August 6: It is time to be shot of the long end of the US bond market and we wish this […]

Treasury Longs Beware: Gartman Is About To Be Stopped Out Of His 10Y Short

Less than one week ago, none other than Dennis Gartman gave the all clear signal to go long the 10Y treasury (on double seasonally-adjusted margin) when he proudly declared he went short. We appropriately commemorated this development: From August 6: It is time to be shot of the long end of the US bond market […]

Is This Why Bonds Are Soaring?

“Secondly, it is time to be shot of the long end of the US bond market and we wish this morning to sell the September T-note future at or near to 126 3/4.    We can imagine the front month future trading to 118-119 over the course of the next several months while at the […]