DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
INTERACTIVE BROKERS
Warm-Up
- Fed - Standing Pat
- Tariffs ON ( with some delays, pauses and delays
- India taking Heat
- OPEC at it Again
Markets
-Employment Report - Revisions Gone Wild
- But The Dip (Aka The Bend and Snap)
- Earnings Season - Plenty of CapX
- Boeing making moves - unions may strike
The Bend and Snap
- That is the markets - any little movement down - snaps right back up (Buy Dip with a Legally Blonde flair)
- Monday saw a huge reversal after the VIX hit 21.50 and small caps were down as much as 3% after the July Employment report and lackluster earnings
Jobs Report
- 4.2% Unemployment Rate
- Only added 73,000 in July
- Revisions for May and June were larger than normal.
- The change in total nonfarm payroll employment for May was revised down by 125,000, from +144,000 to +19,000, and the change for June was revised down by 133,000, from +147,000 to +14,000.
- With these revisions, employment in May and June combined is 258,000 lower than previously reported.
THEN.....
- President Donald Trump on Friday fired Bureau of Labor Statistics Commissioner Erika McEntarfer, hours after the agency reported that job growth in the U.S. had slowed to a near-halt.
- “We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY,” Trump posted on Truth Social.
GDP
- Gross domestic product jumped 3% for the second quarter, better than the 2.3% estimate and reversing a 0.5% decline in the prior period.
- Consumer spending rose 1.4% in the second quarter, better than the 0.5% in the prior period.
- While exports declined 1.8% during the period, imports fell 30.3%, reversing a 37.9% surge in Q1.
- HUGE Number - flurry after some Tariff uncertai
Published on 3 weeks ago
