The dollar rebounded from a key 200-DMA support level, strengthening against all major peers, pushing S&P futures higher as European shares rose, led by basic resources and real estate, while Asian stocks fall. Gold fell from its highest level since November as demand for some haven assets ebbed while global bonds declined. Oil dipped, pressured by a stronger dollar.
Just last week, Americans were reassured (twice) that everything is awesome in the US labor market as ADP and BLS data showed jobs-jobs-jobs everywhere. However, along with wage stagnation (and a rising unemployment rate), there is a bigger problem, as Deutsche Bank warns, aside from soft earnings, hiring at America’s biggest companies is slowing down for the first time since 2010.
Submitted by Jason Leach via FusionPointCapital.com,
What a tumultuous year 2016 has been. Just around this time last year, we were looking back at 2015 and analyzing how 2016 would unfold. The August 24-25, 2015 “Flash Crash” was the talk of the day, where the S&P 500 faltered with an over 10% decline from its all-time highs. It was the first time in over 4 years that the noble index fell from grace so badly; and January and February 2016 brought more pain for the index.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
There is little doubt currently that complacency reigns in the financial markets. Nowhere is that complacency more evident than in the Market Greed/Fear Index which combines the 4-measures of investor sentiment (AAII, INVI, MarketVane, & NAAIM) with the inverse Volatility Index.