Marc Pado
Marc Pado
average driving earnings headline hours hurdle jobs main number wages
The headline number probably isn't as important as the wages and average hours worked. Earnings are still the main driving force, and the jobs number is just a hurdle in our path.
airlines despite drop gaining gasoline higher lower meet oil prices responding sales september statement
Airlines and industrials are gaining from lower oil. Discounters are responding not only to a drop in oil prices but also to Wal-Mart's statement that it will meet September sales expectations despite higher gasoline prices.
against broken crack key market news rally seeing selling sign small start swimming technical warning
The market will be swimming upstream against a small current. We are still seeing a market rally that has not broken any key technical supports, but there are crack in the foundation. If they start to see selling on the news by the end of the day, that, too, is a warning sign that this rally is nearing an end.
against brushing buying economic emotional ignoring market markets oil recent run sanctions temporary whatever
The market had been ignoring the recent run in crude, brushing it off as temporary emotional buying as a hedge against economic sanctions against Iran. Whatever the reason, oil is back up against all-time highs, and that was making the markets nervous.