Our experience with the last two weeks of August has been that the period resembles the time between Christmas and New Years. That is, it's best not to get too excited about market action during this time. Of course the ennui is increased by the G7 meet and Jackson's Hole get togethers.

However the NFP to be released will profoundly disappoint with regard to job growth. We know this because the August NFP report is based on data thru August 16, which is already visible. Noting how all of the media is engaged in piling on this Presidency, those bearish numbers will be ballooned up quite a bit.

Kim Zussman writes:

A bad jobs report could be bullish for Fed watchers.





Speak your mind

1 Comment so far

  1. Saz Dosanjh on August 27, 2019 3:45 am

    Just found your website through Brett Steenbargers book, Enhancing Trader Performance.

    I am very much a discretionary trader, using fundamentals, a little technical, more price action. In the UK we have a situation where data is ignored until Brexit is resolved. Is there an element of Trump overtaking the data, during the summer doldrums, or is this how it will be until the election? Certainly during Jackson Hole and G7, the speakers have control.

    Thanks for the platform and the opportunity to take part.

    Saz Dosanjh


Resources & Links