El Erian

Positions: None.

Something’s Not Working Out

When’s the last time you got a call from the Bureau of Labor Statistics? Let’s look at employment and why I kinda agree more with Christopher Waller than Kevin Warsh right now….

Thursday’s Closing Market Data

Closing Volume

– NYSE volume 3% above its one-month average 

– NASDAQ volume 1% below its one-month average 

– VIX index: down 5.86% to 14.81

Breadth

Sectors

% Movers

Nasdaq 100 Heat Map

S&P 500 Heat Map

Position: None