Job Openings per Unemployed Worker continues to decrease. That’s better for #inflation but nowhere near good enough to support the #Fed ’s goal of 2% inflation.

Good factoid: #China stocks have quadrupled the performance of US #stocks over the past 3 months.

Investors often forget that nothing in the financial #markets is permanent. Regardless of the #hype or castigation, what’s hot eventually becomes cold and what’s cold eventually becomes hot. Our latest insight dives into the cycle: jump.rbadvisors.com/l/746533/2024-…

ISM New Orders (LEADING #Indicator ) continues to hover around the important 50 threshold. Not bad but not good either.

Rising #Copper prices seem to suggest the trough in the ISM #Manufacturing PMI has been put in.

#Consumer Confidence falls below average. Not the end of the world but worth watching.

One of the biggest terrorist financiers who evidently facilitated over 100,000 illegal #cryptocurrency transactions will soon be sentenced.  No one should cry for him. (Reuters)
reuters.com/legal/binances…

Today’s Employment Cost Index is the latest #inflation indicator suggesting the #Fed ’s 2% inflation target could be a pipe dream.

The recent increase in #gasoline prices seems to be influencing consumers’ #inflation expectations as they typically do.

Core #PCE Deflator comes in hotter than expected and rises a bit.  Current #rate hasn’t been seen since in roughly 30 years.


US dependence on the world for #semiconductors presents a significant national #security issue. But the US is dependent on the world for EVERYTHING! The ever-growing trade deficit + deglobalization implies significant secular #investment opportunities.

Jobless Claims (LEADING Indicator) post a another positive surprise and continue to suggest an ongoing historically tight #labor market.

Core #Capital Goods Orders growth turn #negative after last month’s rebound.  Worth a close watch.


The old investment paradigm of #globalization it’s resulting secular disinflation seems increasingly antiquated. #Defense spending picking up is another sign globalization is contracting.  (Chart: The Daily Shot (((The Daily Shot))))


It’s only one month but New Home #Sales just posted the best reading in 5 months. Not a sign of a weakening #economy .

Be a comparison shopper: Stronger profits = broader portfolios. Join our #webinar TODAY at 4:15 pm ET to learn how to navigate the market in search for #growth .

Register: jump.rbadvisors.com/l/746533/2024-…

Industrial #metals prices are rallying.  They’re well below the pandemic highs but remain at rarified levels and now up yr/yr.

S&P 500 Operating Margins remain above average despite economists’ concerns about a lack of #pricing power.

As #profits accelerate, markets tend to broaden. Join our quarterly webinar TOMORROW to learn why it is important to diversify and what opportunities result from this type of #market .

jump.rbadvisors.com/l/746533/2024-…

Let’s be perfectly clear. #Cryptocurrencies are NOT 1999/2000’s internet #stocks . Internet stocks’ valuations were thoughtless but the internet already had an economic purpose. Cryptocurrencies’ valuations are thoughtless but they have no economic purpose.