Job Market Spark
April 6, 2023 (Investorideas.com Newswire) S&P 500 bears didn't disappoint yesterday, remaining in control as the focus shifts to recession signs. Both ISM services PMI and non-farm payrolls employment change data continued on Tuesday's note, and the short end of the curve is reaching for fresh lows, with 10-y yield well below those (at 3.30% already).
This is not what any risk-on drive thanks to stabilization in financials looks like - the deposit outflows continue, and Fed isn't capitulating in its still tight drive, exposing the prior rally to be only a bear market one (you knew). Job market deterioration is getting increasingly confirmed not just through this week's unemployment claims, but notably an even higher figure revision the week before. The Mar-Apr time window for deterioration discussed, is clearly here.
Risk-off day ahead but look for real assets to keep showing resilience...
Keep enjoying the lively Twitter feed via keeping my tab open at all times - on top of getting the key daily analytics right into your mailbox. Combine with Telegram that never misses sending you notification whenever I tweet anything substantial, but the analyses (whether short or long format, depending on market action) over email are the bedrock.
So, make sure you're signed up for the free newsletter and that you have my Twitter profile open in a separate tab with notifications on so as to benefit from extra intraday calls.
Let's move right into the charts (all courtesy of www.stockcharts.com).
Gold, Silver and Miners
Fine show of strength in not really retreating - precious metals are digesting the emergence of recession trades coupled with oil returning back above $80, and not about to retreat really. Expect copper to remain likewise resilient while many S&P 500 stocks (oil stocks and miners would be of course an exception) would start getting under increasing selling pressure on poor earnings, economy and hawkish Fed outlook.
Thank you for having read today's free analysis, which is a small part of the premium Monica's Trading Signals covering all the markets you're used to (stocks, bonds, gold, silver, oil, copper, cryptos), and of the premium Monica's Stock Signals presenting stocks and bonds only. Both publications feature real-time trade calls and intraday updates. While at my homesite, you can subscribe to the free Monica's Insider Club for instant publishing notifications and other content useful for making your own trade moves on top of my extra Twitter feed tips. Thanks for subscribing & all your support that makes this great ride possible!
Stock Trading Signals
Gold Trading Signals
Oil Trading Signals
Copper Trading Signals
Bitcoin Trading Signals
All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/