You gotta admit, the breathless media is a master at stating the obvious.
– The fact that traders have all eyes on the jobs number during this data-packed, shortened week speaks volumes about just how important this data is.
Of course the jobs data is the singular most important piece of data related to economic assessment. No jobs, no money, no spending, no profit, no market. As important as that snapshot is, though, to get ahead of the market flow, data that projects an increase in jobs is vital.
– Spending on residential construction increased at a 17.1 percent rate in the first quarter.
You don’t build a house in a day. These jobs are ongoing, and, as I pointed out yesterday with the boom in appliance sales, increased spending on residential construction has a rippling effect throughout the economy …
– As the Federal Reserve prepares the ground for another interest rate hike, most other central banks are moving in the opposite direction. And the divergence is widening.
Yeh, so? The US has led the monetary chess game since 2009. When we were cutting rates and injecting QE, the rest of the world was vacillating, worried about too much debt, and, to a degree, rightfully so, but the Fed forged ahead and kept the US economy strong, which then allowed the world to catch up …
– If anyone’s going to get us flying at unimaginable speeds around the world, it’s Boeing.
Since 2013, Boeing (BA) has sailed in rolling seas. Check it out and think about the longer term potential.
