Duke University thru agrassoblog.org:
The 6 domains leadership pyramid or where to focus to become an effective leader
The US equities market explained in one image
Source: Trend Spider
Can it really be only 7 stocks if the equally-weighted index with 100 stocks in it just went out at new all-time highs?
Source: J-C Parets, https://allstarcharts.com/
Latest US jobs numbers show economic momentum keeps cooling: Non-farm-payrolls rose by 206k jobs in June, ahead of 190k forecast.
However, 2 months net revisions were NEGATIVE with -110k. Moreover, government employment rose by a whopping 70k while PRIVATE employment with 136k was below estimates. Unemployment rate rose to 4.1% from 4.0% due to higher labor participation rate. Wage rose 3.9% YoY in line w/estimates. Bottom-line: these numbers seem to confirm our thesis that the US job market is NORMALIZING hence reinforcing the disinflation trend which will ultimately enable policy makers to NORMALIZE. More to come from our Chief Economist Adrien Pichoud... stay tuned... Source: Bloomberg, HolgerZ
Only 22% S&P500 stocks are outperforming the S&P500 index this year
Source: Grant Hawkridge
How does an airline make money with a full 10 hour flight?
Source: https://buff.ly/4eGrIwp
Deindustrialization continues unabated in Germany.
Industrial production fell by 2.5% in May to a level last seen in 2010 - except for covid –, meaning industrial activity is unlikely to contribute to GDP growth in Q2. The consensus forecast was for a 0.1% increase in May. Production in industry, excluding energy & construction, dropped 2.9%, mainly driven by lower activity at car & machinery producers. Construction output decreased 3.3%, while energy production increased 2.6%. Source: Bloomberg, HolgerZ
The sp500 ended the day at another all-time high, its 33rd of the year.
$SPX Source: Charlie Bilello
