U-6 unemployment is broader than U-3 but tells a similar story: there's a lot of slack in the labor market, but much less than at the worst point in 2010. It would not, by itself, justify a stimulus package ~2X larger than ARRA.
Lots of $NDX drama and repricing of growth stocks going on, but under the hood, market breadth shows other sectors picking up the slack. We discuss this and a lot more in our weekend analysis video: $SPY $IWM $QQQ $VIX $TLT #Stocks #Trading
Yet another leg up in yields as the monthly #employment report shows #jobs creation of 379,000 compared to consensus expectation of 200,000. The good news for the labor market/economy will put further pressure on a #Fed that has repeatedly signaled its focus on labor market slack
U.S. technology companies founded by 1st and 2nd generation immigrants Apple Google Amazon Facebook Oracle IBM Uber Airbnb Yahoo Intel EMC eBay SpaceX VMWare AT&T Tesla NVIDIA Qualcomm Paypal ADP Reddit Slack WeWork Stripe Cognizant Intuit 3M Zoom 43% of Fortune 500 companies
🚨I wrote about what health-care workers are going through, how exhausted & scared they are, and what this 3rd pandemic surge is doing to them. It’s not like the first 2. It’s worse. How much slack is left in the system? Iowa nurse: “There is none” 1/
Things that didn’t exist when Lehman Brothers collapsed this day in 2008: Uber Instagram Bitcoin iPad Snapchat Apple Maps Angry Birds Kickstarter GoFundMe WhatsApp Apple Watch FB Messenger Candy Crush Pinterest Alexa Venmo WeWork WeChat Tinder Twitch Siri Square Stripe Slack
The *defenses* of Trump always boil down to: he’s a morally incontinent sociopath who literally doesn’t understand the difference between right and wrong. Cut him some slack!