• All
  • Capitol Securities News
  • Equity Research
  • Independent Office
  • Locations
  • Market Commentary

How will September’s jobs data be interpreted? Until this week, the data was consistently surprising on the upside suggesting an economy expanding around a 2.5% to 2.75% pace. However earlier in the week both the ISM Manufacturing Index and the ISM Non-manufacturing Index...

Nervousness is rising in many dimensions. The markets are beginning to discount the possibility that Elizabeth Warren could become the Democratic nominee given the issues surrounding both VP Biden and Senator Sanders....

In my view the August labor report indicated more strength than weakness. Commenting about the perceived weakness, private sector and non farm payroll growth did nominally disappoint, posting a 130k and 96k increase, the gains were still considerably higher than the 100,000 new jobs...

At one time yesterday the rout yesterday in the two year Treasury—or the instrument most sensitive to monetary policy—was the biggest in ten years according to Bloomberg. The 10-year saw the biggest increase since November 2016. The catalyst for the selloff was three...

Tomorrow is the release of the BLS labor report. The report can offer considerable insight into the strength of the economy. The market and the narrative is suggesting the economy has gone over the proverbial cliff ...

July’s BLS employment report will be released at 8:30. Recent data has been suggesting a firming economy. Job growth is a primary driver of economic growth and data to date suggests one of the greatest issues for employers is ...

Friday the all-inclusive June unemployment data is released. The data could be of considerable significance regarding the outlook for monetary policy. As written many times the markets have discounted a 0.75% in the overnight rate by year end with ...

May’s unemployment data is released at 8:30. How will the statistics be interpreted? The markets have discounted two interest rate reductions by year end. Both Goldman and Morgan Stanley states that such will not occur opining at most only ...

The VIX or a measurement of volatility (aka risk) has plunged. However as measured by other benchmarks, conviction is very low. Volume has been anemic. The CME stated it has become increasingly easy to exaggerate the price movement of almost any security, the...

February’s jobs data was surprise. Payrolls rose by the smallest amount in more than a year but prior months were revised higher. Wages rose more than expected rising by the greatest pace in over a decade and the labor participation rate remained unchanged....