unemploymentclaims
In his podcast addressing the markets today, Louis Navellier offered the following commentary. Housing Inflation Cooling OffThe National Association of Realtors on Thursday announced that existing home sales declined 5.9% in July to a 4.81 million annual pace. The inventory of unsold homes is currently 1.31 million, which represents a 3.3-month supply at the current annual sales pace. Median home prices have risen 10.8% in the past year to 403,800, but actually declined 2.4% in the past month from June’s $413,800 median home price. So the Fed’s higher interest rate policy is now causing housin...
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In hisDaily Market Notes report to investors, while commenting on unemployment claims, Louis Navellier wrote: Q3 2021 hedge fund letters, conferences and more Consolidation PhaseThere seems to be a hesitancy in the market as we get to the end of the earnings season despite the overall very strong results in general. This week, retailers posted very strong results and eased concerns that Christmas will be weak due to poor inventory due to logistics issues. Now that there are no more serious positive earnings announcements to look forward to, the market appears to be in a short-term consolidatio...
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Unemployment claims in the U.S. decreased last week, hitting the lowest number since the start of the pandemic. The labor market is seeing a slow recovery, as millions of Americans started quitting their jobs in a phenomenon already called the “Great Resignation.” Q3 2021 hedge fund letters, conferences and more Unemployment Claims, Tailing OffAs reported by Fox Business, the data released by the Labor Department on Thursday show that first-time unemployment filings for the week ended November 13 decreased slightly to 268,000 from a revised 269,000 a week earlier. Data by Refinitiv had estimat...
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In hisDaily Market Notes report to investors, while commenting on volatile days, Louis Navellier wrote: Q3 2021 hedge fund letters, conferences and more Volatile DaysThe high inflation numbers did make a difference - for a few hours. After a modest impact yesterday morning, the surprisingly high CPI numbers managed to have a meaningful impact as the day wore on. Today, only gold is continuing higher, along with other traditional commodities. Historically, modest inflation is not bad news for the stock market as long as growth continues. If we can avoid a stagflation situation of low growth wit...
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In hisDaily Market Notes report to investors, while commenting on preliminary GDP, Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more FOMC StatementThe biggest news this week, was the Federal Open Market Committee (FOMC) statement on Wednesday, which said that “progress” had been made towards meeting its goal and that it would continue its $120 billion per month in quantitative easing until “substantial further progress.” Essentially, the FOMC kicked its “tapering” decision down the road, but admitted it would address tapering later this year. Translated from Fedspeak, tha...
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The COVID pandemic continues to cause high unemployment claims, although they ticked down modestly last week. According to the Labor Department, jobless claims for the week that ended Jan. 16 amounted to 900,000, which is slightly better than the consensus 925,000. Q4 2020 hedge fund letters, conferences and more The previous week, the Labor Department reported 926,000 unemployment claims after revising the initial number lower. Continuing claims also declined slightly for the week ending Jan. 16, dropping by 127,000 to 5.05 million. Unemployment claims slide as pandemic continuesWeekly unempl...
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Welcome to the first update of the new fourth quarter financial statements of U.S. Companies. Q3 2020 hedge fund letters, conferences and more The recent SEC filing update has just started and the volume will be sparse until December annual filers report in the coming weeks. These year-long financial statement have a later filing deadline than quarterly filings do and it will be early March before the update is complete. The first companies to appear are the small population with fiscal quarters ended November. The most interesting feature of the third quarter just completed is the large numbe...
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First-time unemployment claims increased again last week. The Labor Department reports that an additional 853,000 Americans filed for first-time unemployment benefits after seasonal adjustments. According to CNN, this was the highest number of claims since the middle of September. Q3 2020 hedge fund letters, conferences and more Without seasonal adjustments, first-time unemployment claims amounted to almost 950,000 for the week. First-time unemployment claims on the riseThe number of first-time unemployment claims increased from the previous week. It was the third time there was a week-over-we...
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The gig economy has provided support to those on unemployment during the COVID-19 pandemic, according to a study from the MIT Sloan School of Management. Most workers look to unemployment benefits or build up personal debt when they are laid off from work, but the gig economy has provided another source of support during this difficult time.Q2 2020 hedge fund letters, conferences and moreGig economy takes a bite out of unemploymentUnemployment approached 15% in April, and a study from MIT Sloan School of Management Visiting Professor Jordan Nickerson revealed how much of an impact the gig econ...
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