Job Cuts Hit 4-Year Low but September Hiring Plummets
September job cuts fell, but hiring plans were the least for the month since 2011.
September Trading Sees Fitting End With Higher Rates and 2 Tiers
Bonds had good reasons to rally and didn’t, which benefited the AI mega caps.
Job Growth Rebounds to 3-Month High as Manufacturing Hits Four-Year High
ADP’s gauge of private payrolls beat expectations on a rebound in goods producers.
Lower Oil, Dovish Fed Can’t Stop the Bond Selloff
The problem clearly runs deeper than the next Federal Reserve meeting.
Another Trump-Xi Meeting Disappoints, Though China Can Claim Win
Investors have little to cheer about after five summits between the leaders.
The Indices Are Breaking Down, But This Correction Isn’t Over Yet
Resist the temptation to bottom fish stocks that have no support.
The AI End Game Appears to Be Growing Near
Unfortunately, it is hard to see the AI infrastructure buildout maintaining this pace.
Flat Durable Goods Orders Mask Robust Business CapEx
A drop in transportation orders offset another month of strong core orders.
Hope of Iran Deal Bounces Stocks But Can’t Fix Oil or Bond Problems
Stocks spiked on a headline about progress in the Middle East, but the issue is what did not move.