Friday’s jobs report showed surprising strength in the labor market, but there are signs that all may not be well for all workers. Attrition in low-wage sectors like retail, leisure and hospitality is slowing, said Nick Bunker, an economist at Indeed Hiring Lab. That means people working in those sectors probably have less bargaining power … Read more
Instead, concern focused on what a dizzying job market and rising costs mean for stock and bond portfolios, particularly if it turns into a combination of higher growth and inflation with staying power. How to call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, pointing to annual wage gains … Read more
Between pandemic lockdowns, health issues, controversial politics, and significant inflation with rising prices, many US investors may feel like they are losing control of their situations. Add to that a bear market for stocks, with a possible recession looming. To maintain resilience, we can focus on taking care of our physical, mental, and financial well-being … Read more
It’s work Friday. The release of the monthly US Non-Farm Payrolls report is always a highlight for Wall Street, particularly in an uncertain monetary policy environment when traders are hypersensitive to factors affecting the Fed’s thinking. In fact, the resilience of the labor market is causing many market watchers to say that, despite suffering two … Read more
The S&P 500 Index may be about to lock in two major SPX bulls, -0.04% milestones. First, the S&P has rallied from that mid-June low to major resistance at 4170. A two-day close above that level would be quite bullish and set the stage for a challenge to the downtrend line that defines this market. … Read more
On paper, all of Block Inc.’s various businesses are potentially sensitive to a weakening economic environment, with revenue and profit assumed to be down from last year. In reality, the story could be more nuanced, at least for now. square Block, +11.35% is he (relatively) new corporate name for Square, and hosts a variety of … Read more
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that arrives in your inbox every Thursday. I’m Frances Yue, Crypto Reporter at MarketWatch, and I’ll be giving you the latest on this bear market. Find me on Twitter at @francesyue_ to provide feedback or tell us what you think we should cover. You can … Read more
You are tempted to increase exposure to equities due to the strength of the market. But you are still gun shy due to the painful clearance. In addition, he is worried about a recession. To do? Buy health stocks. They have many defensive characteristics that help them weather recessions and at the end of business … Read more