Starting off July on a Wobble
Oil prices drifting lower – Gas at the pump?
Saylor is selling Bitcoin!
PLUS we are now on Spotify and Amazon Music/Podcasts!
Click HERE for Show Notes and Links
DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
- JOBS Number - Odd Move
- Saylor is selling Bitcoin!
- VEGGIE ALERT!
- US RESUMES POWERFUL STRIKES ON IRAN (Is this still a ceasefire?)
- Starting off July on a Wobble
- SpaceX added to NAZ100
- Oil prices drifting lower - Gas at the pump?
- USA is out... (Bad goalie move last night)
- Looks like war is back on - at least for tonight
- Oil rises about 3% on the news
- US revokes Iran's ability to sell oil around the world
- Markets don't seem overly concerned - VIX still low at 16
- Odds that this will be more than a quick in and out?
--- Could it be that Iran was waiting until after the Funeral?
- June payrolls came in at +57,000, well under the +110,000 estimate.
- April and May were revised down by a combined 74,000 jobs.
- Unemployment slipped to 4.2%, but not for the best reason: the labor force shrank by 720,000 people.
- Labor-force participation fell to 61.5%, the lowest in more than five years.
- Leisure and hospitality lost 61,000 jobs, a notable hit to the consumer-service economy.
- Average hourly earnings rose $0.13 in June.
- Fed setup: weaker hiring argues for patience, but inflation is still above target, so the market is back to parsing every Fed sentence.
- - Fed Funds Futures Now only ONE Raise by Year-End
DOW RECORD, NASDAQ WOBBLE
- The Dow closed at a record 52,900.07 after the soft jobs report cooled near-term rate-hike fear.
- S&P 500 finished roughly flat.
- Nasdaq fell about 0.8% as chip stocks dragged the tape lower.
- The Philadelphia Semiconductor Index dropped more than 5% on July 2.
- Apple rose nearly 5% on iPhone l