Took a street photo the past weekend. No AI was used.
Todays action doesn’t bode well for cpi tmrw.
And next week is the most expected rate cut in history.
1m jobs revised down… oops. Lower ppi. Maybe cpi. But if they cut and long term yield rises, Fed is screwed.
Almost 1M jobs revised down. Oops
How embarrassing for The Fed and being “Data Dependent.” BLS, PPI, CPI, blah blah blah.
LISEP’s July https://www.lisep.org/tru (TRU) report — a measure of the functionally unemployed, defined as the jobless plus those seeking, but unable to find, full-time employment and those in poverty-wage jobs — increased 0.6 percentage points, from 24.1% to 24.7%, in contrast with the Bureau of Labor Statistics official rate, which increased only 0.1 percentage points to 4.2%. The functional unemployment rate has now remained at 24% or higher for six consecutive months, which marks a higher level than at the end of 2024.
Labor Dept. internal watchdog launches probe of BLS data collection
The Labor Department’s Office of Inspector General said it is reviewing the “challenges” that the Bureau of Labor Statistics is facing in its data-collection efforts.
The probe comes in light of BLS announcing a reduction in its data collection for two key inflation metrics, and after a recent “large downward revision of its estimate of new jobs.”
Easy way to get free comp or add free months to paid membership via referrals.
Unlocked full daily podcast episodes
Premium only Stock Spotlights
Break out and breakdown watchlists
Concierge intraday alerts and private group chatroom
Member Chart requests
Educational content to learn how to read the markets using breadth, macro and technical analysis through the lens of Auction Market Principles
Highlights
Recommended by investors who are trying to learn how to read the markets in a way Wall St doesn't want us to see them
Daily podcast of the stock market in 15 minutes. No advertising No politics!
Great content for young investors getting started or those who simply want the skills to grade their financial advisors work
Watch lists of bullish and bearish setups
Frequent stock spotlights
Private trading room with intraday play by play and alerts
Substack Featured 3 times and a Best Seller with thousands of free subscribers and hundreds of happy paying subscribers
80%+ paying subscriber renewal rate
Free Preview: 3 min
Full Episode: 13 min
Please remember to ❤️
or the 🥷 will find you!
🎧 Podcast Available on all major platforms: Spotify | Apple | Amazon
👉 Recommended Chart Software at Slope Charts
