June reports on the employment market provided reinforcement on thesis that the recovery is a “Nike swoosh” instead of a “V.”
The implications for Investment Strategy?
Range bound market since 2017. Stuck in irons for how long?
A deep dive into the updated charts, economic and trading data begins this week’s program.
U.S. Employment Total in Labor Force (07/09/2014 – 06/30/2020)
– Courtesy of Bloomberg LP
Dow Jones Industrial Average (Approx. 4 Years) 
– Courtesy of Bloomberg LP
Dow Jones Industrial Average (01/01/1962 – 12/31/1982)
– Courtesy of Bloomberg LP
Invesco QQQ Trust Series 1 (20 Years)
– Courtesy of Bloomberg LP
Quarterly U.S. Economic Actual & Estimated Forecasts w/ Probability of Recession (3rd Quarter 2019 – 4th Quarter 2021)
– Courtesy of Bloomberg LP
Yearly U.S. Economic Actual & Estimated Forecasts w/ Probability of Recession (2013 – 2022)
– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Earnings Estimates Graph (3 Years)
– Courtesy of Bloomberg LP
Coronavirus (2019 – nCOV) U.S. Confirmed Deaths (1Year)
– Courtesy of Bloomberg LP
Health Care Select Sector SPDR Fund (Year to Date)
– Courtesy of Bloomberg LP
AllianceBernstein Global High Income Fund, Inc. & BlackRock Corporate High Yield Fund, Inc. (12/29/2006 – 12/31/2012)
– Courtesy of Bloomberg LP
Standard & Poor’s 500 Energy Sector Level 1 Index (20 Years)
– Courtesy of Bloomberg LP
Headline Round Up!
*Jobs Juggernaut?
*May and June Numbers: Nearly 7.5mm Jobs Reinstated. 17mm Jobs To Go To Reach Record Employment.
*Job Openings spike by 400,000 to 5.4MM.
*Jobless Claims Decline to 1.3MM.
*Key Points from BlackRock’s Mid-Year Update.
*TIAA Bought Junk Munis?
*Tesla Claims Fully Autonomous Vehicle Mastery is Very Close.
*Netflix Capable Cars?
*Moves to Lithium Iron Instead of Cobalt.
*Global Auto Updates?
*Solar Mergers to Cut Costs.
*Tech Added 200,000 IT Workers in June.
*E-Commerce Needs A Billion Square Feet by 2025?
*Corporate Updates!
Texas Energy Gold Rush
*Buffett Buys Gas Pipes At A Discount.
*Liqueified Natural Gas Exports At 2018 Levels.
Profit Report!
*529 Age Based Allocation Process.
*Get Ahead of Retirement Planning! 401k Allocation Updates. In Service Rollovers to Convert to High Cash Flow IRA’s.
*Range Bound? Getting Paid to Wait Along With Compounding Advantages.
