By Priceonomics
There are more options to get food—as in the kind you eat at home rather than at a restaurant—than ever before.
Sure, there are traditional brick-and-mortar stores, like Costco and Trader Joe’s. But in the last decade there’s been a boom in food services that can be managed through a digital app.
If there is one common theme across sellside previews of tomorrow's nonfarm payrolls number, expected at 180K after a surprising jump to 209K in July, it is to brace for disappointment, or in Wall Street parlance, "downside risks." And it's not because of Harvey which hit the US far too late in the month to be reflected in the monthly payrolls.
This afternoon, we showed that even as stocks were pushing back to all time highs, a part of the Treasury market was turmoiling as the "debt ceiling" T-Bill spread (Sept/Oct) blew out to the widest level on record.
By Chris at www.CapitalistExploits.at
How much money can you lose on any given day according to an entire squadron of dynamic variable factors?
In a new report that may come as music to the ears of Mario Draghi, who has been valiantly hoping to show the European economy recovering while keeping the EURUSD below the "red line" of 1.20, BofA FX strategist Athanasios Vamvakidis is out with a new note today urging currency traders to "stop fighting the central banks", in other words stop selling the USD and buying the EUR, and recommends shorting the EURUSD to 1.15 with a 1.21 stop loss.