The stock market is currently experiencing the most significant U.S. Treasury bond bear market in history, while JPMorgan's Chief Market Strategist predicts potential turbulence and a recession on the horizon; meanwhile, stocks opened lower on Friday morning after the September non-farm payrolls data, and U.S. futures are shaky as traders await the release of the Non-Farm Payrolls report, with experts predicting lower job additions and a potential fall in the unemployment rate.
Columbus Day, which is not one of the 10 holidays that pause trading on the stock market, will see the U.S. stock market open, while the bond market will be closed; however, trading tends to be light and volatile on this day due to it being a federal holiday.
The US labor market has made significant strides in recovering from the pandemic, with employment in the food services and drinking places industry returning to pre-pandemic levels, but the accommodations industry, including hotels, still lags behind by 10.3%. Despite this, the overall labor market added 336,000 new jobs in September, surpassing expectations and indicating a resilient economy.
Girl Scouts of the USA will not bring back the Raspberry Rally cookie for the 2024 season due to a black market that inflated prices, with some boxes selling for as high as $180.
Managers should prioritize aligning sales and operations teams, improving forecasting quality, mapping forecasts to the supply chain, and optimizing for profitability to prevent liquidity issues and improve cash flow and earnings.
Employers added 336,000 jobs in September, exceeding economists' predictions, signaling a stronger labor market and raising concerns that the Federal Reserve may need to raise interest rates further to control inflation.
The US Treasury bond market is experiencing the greatest bear market of all time, with a significant decline in performance and a 50% loss in the 30-year US Treasury bonds.
The current housing market is so unaffordable that only three extreme scenarios, including a 55% spike in US incomes, would return it to pre-pandemic affordability.
Stocks on Wall Street opened lower after the US jobs report exceeded expectations, raising concerns that the Federal Reserve may raise interest rates; the Dow Jones was down 0.3%, the S&P 500 lost 0.4%, and the Nasdaq Composite dropped 0.5%.
The dominance of the seven largest stocks in the S&P 500, including Apple, Microsoft, and Amazon, may indicate a brittle bull run and weak market breadth, causing concerns among financial experts. However, there is no need for drastic actions, and investors should stick to a disciplined investment plan and ensure diversification.
The US economy added 336,000 jobs in September, surpassing economists' expectations, raising concerns that the labor market may not cool as fast as the Federal Reserve desires in their battle against inflation.
Investing in the current market may be challenging and result in losses, but it is important to stick with a solid investment plan for long-term success.
The U.S. economy added 336,000 jobs in September, surpassing expectations, prompting concerns about the need for further measures to slow down the economy and control inflation.
European stocks turned negative on Friday as market participants reacted to stronger-than-expected U.S. jobs data, causing European markets to erase earlier gains and food and beverage stocks to lead losses by falling 2.2%.
Investors on Wall Street are feeling jittery due to rising government bond yields and concerns about the economy, particularly after strong September jobs data that exceeded expectations.
US stock futures plummeted after the US jobs report revealed stronger-than-expected job growth, raising the possibility of a more restrictive monetary policy from the Federal Reserve.
The US job growth and robust labor market are weighing on gold prices as interest rates remain high and bond yields rise.
US stock futures fell and Treasury yields surged after the September jobs report revealed that the economy added twice as many jobs as expected, increasing anticipation for another rate hike from the Federal Reserve.
Global markets are calmer as investors await US payrolls data, hoping for a moderation in jobs growth and less reason for the Federal Reserve to raise interest rates again, while bond yields remain steady and the dollar heads for a 12-week winning streak.
Despite the ongoing bear market in Treasury bonds, certain sectors of the fixed-income market, such as bank loans, short-term junk bonds, and floating-rate notes, are performing well in 2023, offering some protection from the losses in long-term Treasuries, which have slumped 46% since March 2020. The future performance of long-dated bonds depends on the Federal Reserve's monetary policy and the resilience of the economy.
The "greatest bond bear market of all time" is occurring as the fixed-income market faces a significant decline in the U.S. 30-year yield, leading to outflows from bond funds and a rise in Treasury yields.
Dubai remains the busiest market for luxury homes worldwide, with $1.59 billion invested in high-end properties in the third quarter, as demand remains strong and supply struggles to keep up, attracting wealthy investors such as Russians, crypto millionaires, and affluent Indians seeking second homes.
Binance's spot market share has continued to decline amid ongoing regulatory issues in the United States, with its market share dropping from 38.5% in August to 34.3% in September, according to analysis from CCData.
Stock futures rose on Friday as investors awaited the release of the monthly US jobs report, which could influence the Federal Reserve's decision on interest rates.
The market is currently more concerned about the national debt than short-term data, with the focus shifting to worry about the debt's rapid growth and the impact of high interest rates, while waiting to see the results of the monthly jobs report.
Market observers are concerned about a sharp jump in Treasury yields similar to that of the 1987 crash, and Saxo Bank's chief investment officer Steen Jakobsen suggests that investors reduce risk by increasing cash balances, hedging portfolios, rotating into short-term bonds, favoring defensive sectors over cyclicals, and avoiding mega-cap stocks.
The USD/CAD pair trades near 1.3700 as focus turns to US/Canada Employment data, with the US private sector hiring 89K job seekers in September and Canada's fresh payrolls expected to be lower at 20K.
Oil prices are falling, providing some relief to the bond blowup caused by rising interest rates, but the direction of markets will be determined by the upcoming U.S. employment report.
Asian markets had mixed performance as investors monitored early data from China's Golden Week holiday for signs of economic health, with Hong Kong's Hang Seng Index gaining 1.6%, while mainland Chinese markets were closed for the holiday period.
The fixed-income market is experiencing the "greatest bond bear market of all time" according to Bank of America Global Research, as the yield on 30-year US Treasuries hit a peak-to-trough loss of 50% and bond funds saw $2.5 billion in outflows, while shorter-dated paper and equity funds continue to see inflows.
September was the worst month of the year for the stock market, with all three major U.S. financial indexes experiencing declines, but cybersecurity leaders CrowdStrike and Zscaler are well-positioned for future growth despite their stock price drops.
Insurance markets are currently becoming more difficult and challenging, also known as "hardening," which is a term used to describe the industry.
Investors should consider buying Etsy and Paycom Software stocks, as both companies have significant upside potential and are trading at attractive valuations, according to Wall Street analysts. Etsy's unique niche in the e-commerce industry and focus on artisanal products make it a compelling investment, while Paycom's innovative human capital management software and global expansion efforts position it for continued growth.
The euro is on track for its twelfth consecutive week of decline against the dollar, with the trend likely to continue unless the upcoming U.S. jobs data pushes the dollar lower.
Rising U.S. government bond yields are creating risks for policymakers trying to combat inflation without causing a major crisis, as economic officials warn of potential spillover effects on global financial markets and the broader economy.
Stocks finish flat after bouncing back from earlier losses sparked by a sell-off in the bond market ahead of the job report, with prospects for lower equity values persisting due to rising rates and a steeper yield curve, potentially impacting stocks like Nvidia and the iShares MSCI ACWI ETF.
The US economy added a larger-than-expected 336,000 jobs in September, marking the largest monthly employment increase since January and surprising economists who had forecasted 170,000 net jobs added; job growth occurred across all major sectors, with leisure and hospitality, government, and healthcare driving the gains, while the unemployment rate held steady at 3.8%.
Emerging markets face uncertainties from factors such as the Federal Reserve's rate hikes, China's economic slowdown, and potential debt defaults in countries like Argentina, Pakistan, and Kenya.
Hong Kong's Hang Seng index jumps over 2% as investors await US jobs data; Reserve Bank of India keeps interest rates unchanged at 6.5%; Natural gas prices jump 7.3%; Gold touches lowest level since March; OPEC may intervene if oil prices continue to slide.
U.S. stocks dipped as investors awaited the September jobs report, while Asian markets traded higher; the 10-year Treasury yield remains at an elevated level and could cause a 20% sell-off in the S&P 500, according to JPMorgan Chase's Marko Kolanovic; China plans to ease rules on data exports, potentially benefiting foreign companies; the September slump in stocks presents a "tremendous opportunity" for value investors; trading volume was subdued as investors braced for the storm that is the September jobs report, which will determine the market's direction.
Saudi Arabian cargo firm SAL Saudi Logistics Services received orders worth $48.6 billion for its $678 million initial public offering, making it the kingdom's second-largest IPO of the year, signaling a resurgence in the Saudi IPO market.
Concerns surround the upcoming release of U.S. payrolls data and how hawkish the Federal Reserve needs to be, as global markets experience a period of calm following a tumultuous week that saw Treasury yields rise to 16-year highs, crude oil prices drop, equities decline, and the yen strengthen. Japanese government bond yields are also causing concern, as investor sentiment towards the Bank of Japan's stimulus remains low.
October has historically been a challenging month for stocks, and recent declines in the market, driven by elevated bond yields and expectations of higher interest rates, are causing concerns among investors.
Australia's central bank, the Reserve Bank of Australia (RBA), stated in its Financial Stability Review that while the economy is well placed to handle strains in global financial markets, risks of a disorderly slide in asset prices or a slowdown in China are elevated; meanwhile, higher interest rates have pushed more households into financial stress, but most are still able to cope.
U.S. stocks dipped slightly as investors awaited the September job report, while European stocks rose; the 10-year Treasury yield remains high, jobless claims inched up but remained low, tensions between Serbia and Kosovo raise concerns of potential conflict, bond king Bill Gross is not optimistic about bonds or stocks, and trading volume was subdued as investors braced for the September jobs report.
Mexican airport operators experienced a sharp drop in shares after the government made unilateral changes to the structure of fees they are allowed to charge, raising concerns about the rule of law under President Andres Manuel Lopez Obrador.
Asian shares were mostly flat as markets awaited the release of the monthly U.S. payrolls report and the Federal Reserve's decision on interest rates, while stocks in India ended higher led by Larsen & Toubro and ICICI Bank; meanwhile, several Indian companies made significant announcements, including TCS completing an acquisition and merger, Tata Motors reporting retail sales growth, and Bajaj Finance approving a fundraise.
Pervasive bearishness in various sectors is expected to constrain any potential market rally, with weakness seen in previously bullish industries such as travel and leisure, housing, utilities, and banks due to factors like rising fuel costs, decreased disposable income, higher mortgage rates, and persistently high interest rates.
The state-backed insurance company Citizens in Florida is offloading policies to private insurance companies, resulting in competition and lower property insurance premiums for customers.
Plug Power closed at $6.40, a -1.99% decline from the previous day, and the stock has fallen 22.72% in the past month, with upcoming earnings and analyst estimate changes being of interest to investors.