Ted Wieseman
Ted Wieseman
adjusting apparent department labor problems veterans
It's apparent that the Labor Department had some problems seasonally adjusting for the Veterans Day holiday.
adjustment continues data evidence improvement labor market point problem tricky underlying viewed weekly
The evidence broadly viewed continues to point to underlying improvement in labor market conditions. Seasonal adjustment of weekly data is a tricky problem and especially so around holidays.
across caution expected huge inherently july numbers reported results softer swings volatile
With the caution that this is inherently a very volatile set of numbers - especially in July when seasonal swings are huge - the reported results were significantly softer than expected just about across the board.
current employment job market net positive september since view
This was the most positive net view of the current job market since September 2001 and bodes well for the upcoming employment report.
capital goods pressure price pricing relative seeing upside
We're seeing some upside price pressure in other goods relative to the trend. Capital goods, for instance, are exhibiting pricing power.
against curve invested market money moved treasury
There was a lot of money invested in the Treasury market that the curve would get more inverted. The market moved against that, and now there's a lot of pain.
convinced curve market outlook reflecting yield
The yield curve is reflecting too pessimistic an outlook on the economy. The market will just have to be convinced otherwise.