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The One Report Investors Should Watch ForBy
Monday, December 8, 2008
The Bureau of Labor Statistics is the government department that keeps track of the unemployment rates in the United States. On the first Friday of every month, the BLS releases its report. This report generates more reaction in the stock, currency, and bond markets than any other regular economic report. It's because unemployment is such a political issue. The market knows this report directly influences the Fed's policy... If a crisis in commercial real estate develops, you should anticipate some of the worst unemployment data since the Great Depression. And as a result, more and more stimulus from the Fed and the Treasury. This leads to a paradoxical situation: The worse the unemployment data, the more likely we get a rally in the stock market following the news releases.
Further Reading:
The Only Safe Way to Generate Income in Today's Market Market NotesNEW HIGHS OF NOTE LAST WEEK Dollar Tree (DLTR)... dollar stores Granite Construction (GVA)... infrastructure Lehman 20+ Year Treasury Bond (TLT)... long bond ETF Lehman 10-20 Year Treasury Bond (TLH)... long bond ETF Lehman 3-7 Year Treasury Bond (IEI)... intermediate bond ETF Japanese Yen NEW LOWS OF NOTE LAST WEEK Rio Tinto (RTP)... metals Boston Beer (SAM)... brewery Walter Industries (WLT)... coal Unilever (UN)... Big Food ConAgra (CAG)... Big Food H.J. Heinz (HNZ)... Big Food Campbell Soup (CPB)... Big Food Hormel Foods (HRL)... Big Food StatoilHydro (STO)... Big Oil Baker Hughes (BHI)... drill rigs Halliburton (HAL)... oil services Schlumberger (SLB)... oil services Transocean (RIG)... world's largest oil driller Nissan (NSANY)... Japanese auto Toyota Motor (TM)... Japanese auto Honda Motor (HMC)... Japanese auto Sony (SNE)... Japanese electronics Panasonic (PC)... Japanese electronics Potash Saskatchewan (POT)... fertilizer CB Richard Ellis (CBG)... real estate Research in Motion (RIMM)... BlackBerrys Texas Instruments (TXN)... semiconductors Freeport-McMoRan (FCX)... world's largest publicly traded copper producer Oil, Gasoline, Natural Gas, Copper Canadian Dollar, Swedish Krona, British Pound |
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