Following yesterdays rout john ferroli and dan sculley join us. Happy friday to you both a lot of debate this morning about the jobs number, and the degree to which it tilts the macro debate whats your take its more of the same, which is strong job growth, low unemployment, but disappointing wage numbers which is the story weve seen a bunch of times over the last year or two i dont think this does much to resolve the debate growth looks good. The question is where inflation is going the wage numbers dont scream out that theres a whole lot of inflation worries for the nrt nearterm. Dan, do you agree how long can that dynamic last i would say we had solid news in particular in the manufacturing jobs sector this morning. We may continue to see that as we get infrastructure announcements into january potentially some changes in capex trends as we have fiscal tax reform and tax changes the broader takeaway for our team is that were seeing a rate of change inflection in job growth going back
From member nations to contribute more to military spending. This comes at the same time as congress under current u. S. Law looks for ways to reduce americas defense at it. Our focus for the first 45 minutes here on washington journal. When in on the conversation. With growing threats, should the Defense Budget be increased . Host the u. S. , launching a fresh series of airstrikes yesterday input Defense Department officials described as a mission to stop militants from seizing an important game on the Euphrates River and preventing the possibility of floodwaters being released words baghdad. Towardscks were aimed military fighters in iraq and syria known as isis. According to officials the operation represented another expansion of the limited goals that president obama set out when he announced last month that he had authorized airstrikes in iraq. That story this morning online and on the front page of the New York Times. Where are we at in terms of defense spending . You can see th
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of USDNOK published in members area of the website.
Silver ended cycle from the 21.85 low as 5 waves structure, labeled as wave 1 red. Currently doing wave 2 red pull back which is showing incomplete structure. Lower low sequences from the peak suggests we are still in ((c)) leg which should ideally give us more weakness toward 23.21-22.84 area. At that area we expect buyers to appear for proposed rally or 3 wave bounce alternatively. Although we expect to see another marginal push down, we advise members to avoid selling against the main bullish trend. We favor the long side from the marked equal legs area. As our members know, Equal Legs are no enemy areas , giving us 85% chance to get a bounce.
SPX is doing wave (4) blue pull back. The index is correcting the cycle from the 3839.7 low. Pull back looks incomplete at the moment. We expect another leg down toward 4274.7-4114.5 area to complete the correction.