Why did the stocks rally . Why . Sometimes it is pretty calculable, simple, because the biggest driver on earth, china, reported a blowout export number showing the countrys plans to reignite growth are, indeed, working and we believe in that. When that happens, buyers swarm in, they buy commodities, thinking how could they not roar now that chinas spending. They buy the industrials because china relies on a lot of our companies to power their electricity and buy our Consumer Companies that have plunged deep into the retail fabric of the peoples republic. Thats why investing in china is one of my huge themes for 2013. Oh, its not just china, the dollar got clobbered versus the euro, something that our International Companies just love to see. It puts them here. House of pleasure. Why else . How about the fact that ford, one of the best bellwethers of Economic Growth out there doubled its dividend last night. Something i said was a possibility earlier this week when we recommended it as
Coming up on the kudlow report. Beginning right now. Follow me on this number. Only 113,000 new nonfarm payrolls. That was disappointing for january. But the Small Business oriented Household Survey generated a huge gain of 638,000 jobs. And parttime workers fell 520,000. Both wages and hours worked went up. Now, follow this, over the past year, the number of unemployed has dropped by 2. 1 million while employment has risen by 1. 8 million. This is from the households survey. But its just like the Payroll Survey as well. Now, because of this, the jobless rate has fallen from 7. 9 a year ago to 6. 6 in todays report. Thats more than just people dropping out of the workforce. And on top of it, the socalled u6 marginally employed impairment rate fell to 12 from 13. 1 just last month. Another healthy sign. All that said and all im saying is the economy is growing at about 2. 5 , thats in line with the average for this whole subpar recovery. Theres no growth burst coming in 2014. Best as i
You can base your whole investing philosophy on what the Federal Reserve might do next. Or you can base it on what stocks will do next. And i got to tell you, investing in stocks is a heck of a lot easier way to make money than investing in the Federal Reserve. While so many people seem to hang on the interest rate, some contributed to the bla performance of the averages. Nasdaq advancing, its the stocks themselves that determine whether or not you made money in your portfolio. Individual stocks give you plenty of ways to win even as the fed continues to provide positive backdrop with its statement about keeping Interest Rates unchanged for the foreseeable future. Lets talk about the ways people are winning on this, the last day of july. Still one more month when the s p 500s had a huge gain, up more than 5 . Completing a vicious mocking of those who sold may and went away. How about buy ma and go away . Now, thats something that workeded for you this year. Why dont we just tick them d
You can base your whole investing philosophy on what the Federal Reserve might do next. Or you can base it on what stocks will do next. And i got to tell you, investing in stocks is a heck of a lot easier way to make money than investing in the Federal Reserve. While so many people seem to hang on the interest rate, some contributed to the bla performance of the averages. Nasdaq advancing, its the stocks themselves that determine whether or not you made money in your portfolio. Individual stocks give you plenty of ways to win even as the fed continues to provide positive backdrop with its statement about keeping Interest Rates unchanged for the foreseeable future. Lets talk about the ways people are winning on this, the last day of july. Still one more month when the s p 500s had a huge gain, up more than 5 . Completing a vicious mocking of those who sold may and went away. How about buy ma and go away . Now, thats something that workeded for you this year. Why dont we just tick them d
Dagen i am doing a show with you. Connell i do not know what that sounded like. It legitimately scared me. Dagen i need a pickup truck and i am seriously considering the f1 50 that will come out and run on natural gas. We got some positive news on the job market this morning. Nicole petallides has more on this. Nicole good morning. I wanted to take a look at the major averages. All with of arrows. You are seeing a lot of of arrows. A lot of the names are doing well. Again, as i noted, posting some games. 200,000 jobs added. This is ahead of our monthly payroll report. It did cost 38. They are into gaming now. Dagen thank you, nicole. Connell we will talk more about this. We did mention facebook is planning to step into this new round of advertising. Dennis is facebook going to be the tv killer . For the first time, bloomberg reports facebook is looking at putting in 152nd video ads into users feeds. Think of some of the numbers here. 43 of our time. Online, though, the internet get Som