Locator: 44826JOBS.
Not ready for prime time:
Yesterday analysts missed the ADP number by 54%. Today, the jobs number was missed by 78%.
Jobs:
- forecast:190,000
- actual: 339,000
Someone at CNBC is completely missing how incredible this economy is. I’m sorry I missed Steve Liesman’s analysis. Not.
Unemployment finally increased to 3.7% but still incredibly low. I still prefer U-1 vs U-3. I’ll post U-1 later.
Liz Sonders addresses that. I’ll post graph when I start blogging.
AAPL is up in pre-market trading.
Debt bill is passed with incredibly little fanfare. Not even mentioned over at Drudge.
GOP caved; Lindsey Graham said he would kill it. I didn’t even see Lindsey’s name in any headline after the bill passed. Senate fast-track method was incredible — no fanfare, Schumer steamrolled this. The news media certainly didn’t see this coming. Or they hyped it to sell newspapers. As if anyone really cared.
NVDA up another $3.50 today.
That Phoenix water story was so far off the mark, embarrassing. The WSJ explained it; it’s a non-story. TSM has huge problems in Phoenix but it’s not due to water. TSM up 3% in pre-market. As I was saying, TSM is having huge problems.
Know who IS having huge problems? ChargePoint. IYKYK.
Busy day for blogging. People who sold in May and went away …. wow …. what a mistake …. at least as of today. Maybe when the market crashes this month, we will hear “in June, the market to swoon.”
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Updates. Still waiting for the spellchecker and editor to get up out of bed before I can start blogging. Just because school is out for the summer, she thinks she can sleep in. While waiting: Liz. What I like about Liz -- she posts so many graphs every day, one can pick and choose the graph that supports your narrative.
Exhibit A, link here:
Pre-market:
Healthcare: 20 best. Link here.
Oil surges, as predicted, once the debt bill passed:
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