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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* If the dots don't connect, gather more dots until they do...or, just follow the $$$...





* Wed. Feb. 21 @ 2:00 pm ET - FOMC Meeting Minutes
* Wed. March 6 @ 2:00 pm ET - Beige Book Report
* Fri. March 8 @ 8:30 am ET - Employment Data
* Wed. March 20 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

*** CLICK HERE for link to Economic Calendars for all upcoming events.

Thursday, August 31, 2017

Sky-High Markets and Ho-Hum Wages

* See UPDATE below...

Friday's employment data is expected to fall within the "average" levels made during the past 17 years, as shown on the following three graphs.

Wage growth hasn't amounted to much during these years, so that should be a warning to sky-high markets, IMHO...especially if Congress fails to pass income tax cuts and tax reform this year.

The only time that the unemployment rate was lower than the current rate was pre-911.

Data Source: ForexFactory.com

* UPDATE September 1...

All three employment data results came in below expectations this morning, including a revision downwards (from 209K to 189K) on last month's Non-Farm Employment Change, as well as an uptick in the Unemployment Rate, and lower Average Hourly Earnings growth...not a healthy sign for the markets to build upon, especially with this gridlocked and divided Congress.