Page 129 - Philly Fed News Today

The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future job growth, and the predictive elements show that the year-over-year growth rate of unadjusted private non-farm job openings year-over-year rate of growth improved and is now in expansion. Analyst Opinion of JOLTS Data The unadjusted data this month is around average for the rate of growth seen since the beginning of 2019. In other words, JOLTS is predicting job growth in the range of 200,000 to 300,000...

The New York Feds Weekly Leading Index (WLI) continues to show an economy that is just above the worst seen during the Great Recession. This index recovery has stalled based on the 13 week rolling average. Analyst Opinion of the Weekly Leading Index This data set should be considered a high-frequency coincident indicator on a par with the Aruoba-Diebold-Scotti Business Conditions Index produced by the Philly Fed - and both show conditions caused by the coronavirus pandemic are already worse tha...

Be cautious, industrial metals likely to be under some pressure in short term Copper supplies are likely to rise this year as COVID-related problems are expected to come to an end, but with prices at elevated levels the potential for disruptions remains as mine workers seek higher wages. January 27, 2021 / 07:48 PM IST Base metals were quite volatile last week with bouts of correction in the interim after a fresh coronavirus outbreak in China, which accounts for more than half the worlds me...

From Reflation to Stagflation - Implications for Asset Allocation We shall see what the future holds for the dollar as that is and always will be the key deciding factor for asset allocation and sector allocation too. Jan 27, 2021 | 12:45 PM EST After the November elections through the start of the year, we were filled with endless reports to be long the recovery/reflation trade. Basically, to be long underperforming "value" sectors looking past the near-term weakness into 2H21 when the...

What can be done? Well for one, we are going to have to be creative. Jay, and Janet, I need you both paying attention here....JNJ

The index loses further momentum and tests the 90.30 region. Upbeat sentiment persists after Biden sworn in as US President. Weekly Claims, Philly Fed

Bird Song of the Day Somehow, I never expected flamingoes to honk like geese. #COVID19 At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site. Lambert here: If these declines continue through the end of the week, I’m gonna have to conclude we’re looking at a genuine fall in the numbers — not the current narrative, I might add — and that we are not looking at a reporting effect from the long weekend. We are also not seein...

January 2021 Philly Fed Manufacturing Survey Index Improves Analyst Opinion of the Philly Fed Business Outlook Survey Overall, this report was better than last month as key elements improved. This is a very noisy index which readers should be reminded of is sentiment-based. The Philly Fed historically is one of the more negative of all the Fed manufacturing surveys but has been more positive than the others recently. The index moved from a revised positive 9.1 to 26.5. Positive numbers indicate...

WASHINGTON (dpa-AFX) - A report released by the Federal Reserve Bank of Philadelphia on Thursday showed a substantial acceleration in the pace of growth in regional manufacturing activity in

U.S. stocks ended mixed Thursday, but the S&P 500 and Nasdaq still managed to eke out new records as investors pondered President Biden's prospects for combating the COVID-19 pandemic and boosting economic recovery with his legislative agenda.