July Payrolls +215,000
Our guess is off by 20k. As expected, it was 'services' that led hiring in July. Full BLS release here.
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August 7, 2015
‘Jobs’ Friday (Guessing +235,000)
With the soft ADP the other day and other signs of economic flattening, some people may be looking for a weak Payrolls report tomorrow. I am going to take a…
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August 6, 2015
Factory Orders, etc.
Some handy graphics from FloatingPath... Factory Orders increased in June (note: USD was weak in June) and had been on par throughout the 'expansion' after the big reversion in 2009. …
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August 5, 2015
June Machine Tool Sales
Sales of new Machine Tools (blue line) bumped up in June. Apparently they adjust this data but don't make mention of revisions. The graphical representation through May, while still weak,…
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July 29, 2015
On Japan, Robotics, Machine Tools & Manufacturing
A while back we noted that machine tool sales were continuing to fade and that there was alarming news from my boots on the ground source in the industry centered…
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July 28, 2015
Macrocosm
Below is the opening segment of this week's edition of Notes From the Rabbit Hole, NFTRH 353. After this theoretical exercise we got down to nuts and bolts analysis, which…
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July 27, 2015
NFTRH 352 Out Now
We have had the pulse of the precious metals every step of the way. We have mostly stayed on the right side of stock markets too. We have indicators and…
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July 19, 2015
Machine Tools Fading
I heard from a former associate who reads this site (hi Pat!) that things are continuing to degrade in the Machine Tool area. As a reminder, here is the latest…
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July 16, 2015
NFTRH 351 Out Now
I thought it would be significantly abbreviated to provide myself and subscribers some relaxation this fine summer weekend. I thought wrong. It was 27 pages (lots of graphics), all of…
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July 12, 2015
Oh Snap!
I just discovered that one of my favorite data dumps, the St. Louis Fed, has a blog. It is now linked to the left as 'FRED Blog'. From FRED: FRED…
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July 8, 2015
Multi-Industry Equipment Sales Decline
Beginning with our oft-watched Machine Tools sales graph, we find that May did not include any sort of post-harsh winter bounce in sales. Nor did the multi-industry reading do well. …
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July 1, 2015
Palladium-Gold Signal
Folks, it is just one indicator and we should not promote one item as if it has mystical powers above all others (it is part of a concert with its…
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June 30, 2015
NFTRH 348 Out Now
A good report, as usual. That may sound smug but #348 is another report helped me personally because as usual I don't go into these things so much trying to…
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June 21, 2015
Gold’s Ratio Signals
A brief snapshot of counter-cyclical gold's macro signals vs. other metals (and broad commodities) that are more positively correlated to economies, using weekly charts... Each week NFTRH updates many charts…
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June 17, 2015