Here are some charts from the NFTRH Global Market Internals segment, much of which is used to gauge the trends of global markets vs. the US (SPY/SPX). We also keep…
Upon rummaging through the St. Louis Fed’s excellent database, some global employment data items for review…
US manufacturing hourly earnings are in an uninterrupted up trend. To think, all through this uptrend detached, abstracted Wall Street suits and associated media, who’ve never set foot on a shop floor sold a story that we don’t make anything in this country anymore (invest in financials and play the stock market instead!).
This has actually been the result of automation. Fewer employees are more skilled in technology. I don’t say ‘more skilled’, because being a real machinist for example, is a lost and under appreciated skill.
Canada’s general employment picture is good too.