You do think the setup is largely about September and how they line that up. And you point out that some of the data has been reassuring. Some of it does point to maybe some below potential growth, right.Yeah. Look, um, we know what's happening this week, right. The Fed is not going to cut.They're going to stick to the wait and see through the summer approach, make the decision in September. Though the two Trump appointees, Waller and Bowman, will, I think, descent in favor of an immediate cut. So yeah, the ...

Meanwhile, President Trump saying he's going to announce a new head of the Bureau of Labor Statistics this week. He made the comments before boarding Air Force One last night. >> We'll be announcing a new statistician sometime over the next 3 4 days.We had no confidence. I mean, the numbers were ridiculous what she announced. >> President's comments coming, of course, in the wake of criticism over his firing of the head of the BLS after Friday's worst thanex expected jobs numbers.President believes that BLS ...

Market Concerns & Fed's Actions - The market is concerned about the deficit, tariffs, and the Fed's next move following the employment report [2] - The Fed should cut rates in September to stimulate the housing market and benefit the economy [2][3] - Market volatility is expected due to uncertainty about the Fed's actions [3][5] - The market is unsure if the Fed will "do the right thing" due to Powell's hawkish commentary [5] Investment Strategy & Sector Focus - Investors should recalibrate portfolios, taking profits in tech and diversifying into utilities, energy, financials, and gold [6][7] - Tech companies are trading at premium valuations and are vulnerable to market declines [6][7] - The energy sector is favored due to deregulation tailwinds and increased US energy exports [8][9] - The European Union is committing to buy approximately $750 billion of US energy [9] - South Korea is committing to buy approximately $100 billion of US energy [9] - Large oil companies like Exxon Mobile are trading at relatively low valuations and paying good dividends [9]

You've been analyzing economic metrics, financial markets for years now. Have you always trusted the numbers from the BLS despite who was in the White House. Listen, >> I I I think to make the claim uh that these numbers to quote the president have been rigged, uh I think big extraordinary claims require extraordinary evidence. And if the president is going to say this, he requires, I think, extraordinary evidence, uh, which I don't think exists.Listen, uh, you know, Bill Beach, that was a, you know, that w ...

The Bureau of Labor Statistics literally can’t count.They couldn’t count under Biden and they still can’t count under Trump.I have been saying this for years.The people calculating economic data have to be able to count or we need new people. ...

Uh for more, let's bring in Muhammad Alian, Alon's chief economic adviser. And let's just start there, Muhammad, with your reaction to to this move and just the general uh your general take on the integrity of US economic data and what it means for markets. So Mike, we've long known that we have problems with certain data.It's methodology is fewer people are responding and as Aean just said you estimate quite a few things and then as you get the data you go back and revise it. So these issues have been ther ...

Claire Jones, Financial Times. Um, just a question on the dollar. We've seen it decline quite heavily this year.I was wondering if there's been any discussion about that at the meetings and how to what degree that may be complicating your attempts to get inflation back to target. Thank you. >> So, this this goes back to the division of labor between the Fed and the Treasury, as you I'm sure know. and you know that that the the Treasury only uh speaks to the speaks to the dollar. Um it's not it's not somethi ...

Australia will begin publishing a complete monthly measure of inflation from Nov. 26, addressing a long-standing gap in the nation’s economic data. https://t.co/dqQWGV53mH ...

Labor Market Analysis - Job vacancies significantly increased, reaching a 6-month high and exceeding forecasts [1] - The labor market isn't showing signs of weakening, remaining relatively stable [2][3] - There are 7769000 job openings [2] Bond Market Impact - Strength in the labor market could influence the Federal Reserve's upcoming meeting [1] - Two-year and ten-year yields closed at their lowest levels since May 1st prior to Chairman Powell's comments [3] - Rate reversals occurred around 9:30 Eastern time following J Pal's headlines [4] - S&P Global PMIs and Jolts number contributed to upward volatility [4][5] - Major flattening observed, with two-year yields rising more sharply than 10 and 30-year yields [5][6] Currency and Equities - The dollar's performance mirrors the 10-year chart, turning around at the same time and moving higher [5] - Positive indicators for equities and potentially higher rates [2]

So maybe Art, we'll start big picture here because I'm curious. Art, what is the latest Art Hogan target, year-end target for the S&P. Art, where are we.Yeah, so our target is 6200, which uh doesn't seem that aggressive in the here and now, but certainly felt aggressive uh back in April. So I I would tell you this. I think we've done a good job of going from a defensive first quarter where everyone was piling into things like consumer staples, utilities, healthcare, gold, and treasuries to where now we feel ...