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Many times I have discussed the labor participation rate (LPR). The LPR is quickly rising in stature as the unemployment rate indicates an economy close to full employment. I have often remarked a major reason for today’s low unemployment rate is result of the large...

Equites fell amid hawkish comments from Federal Reserve officials.  High dividend shares and companies sensitive to a higher dollar declined the most while banks gained.  Utilities are now down for eight consecutive sessions.  Consumer staples and phone companies also got hit....

May’s jobs data is released at 8:30.  Analysts are expecting a 4.9% unemployment rate, a 160k and 150k increase in nonfarm and private sector payrolls, respectively, a 0.2% increase in average hourly earnings, a 34.5 hour work week and a 62.8% labor participation rate....

Equities were relatively quiet as Treasuries fell, crude rallied and the euro erased a loss versus the dollar on speculation of the size and scope of any additional stimulus from the ECB....

Always expect the unexpected. Yesterday the dollar tumbled even after FRB Chair Yellen strongly inferred a rate hike is all but assured in 2 weeks. Oil gained ahead of an OPEC meeting where most believe a production cut will not occur. German bond yields rose...

It was an ugly day yesterday as the markets reminded me of September’s swoon, trading dominated by HFT. Markets are searching for direction, especially relating to monetary policy. The ECB raised the specter of additional QE while it is almost a forgone conclusion of an...

Oil was crushed about 8.5% yesterday following a rise in inventories.  As noted oil just had its biggest gain in six years, gaining 19.5% in four days for a myriad of reasons including a vastly oversold market, lower rig count and statements from OPEC suggesting...