Financial Review

Business as Usual


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…..Fewer quits. Small biz optimism fades. Oil glut continues. Grain glut continues. New York offers free tuition and details. Retail death spiral. Fly the friendly skies of United. More on the Wells Fargo report. Financial Review by Sinclair Noe for 04-11-2017 DOW – 6 = 20,651 SPX – 3 = 2353 NAS – 14 = 5866 RUT + 9 = 1376 10 Y – .06 = 2.30% OIL – .03 = 53.37 GOLD + 19.60 = 1275.00 The Labor Department’s JOLT survey, or Job Openings and Labor Turnover, shows job openings rose 2.1 percent in February to a seasonally adjusted 5.7 million. While more employers are seeking workers, hiring fell 2 percent compared to January to 5.3 million. Job openings have increased 3.2 percent over the past 12 months. More than 2.5 million people quit their jobs in February, but that was a sharp 19.6 percent decline from January. More people quitting their job is a positive sign because workers typically only quit one job when they have another job, or are optimistic they can find one. And the reason workers change jobs is typically motivated by better pay. So, this is where optimism meets reality.   The National Federation of Independent Business said its monthly sentiment gauge fell 0.6 point to 104.7. Small business optimism declined as sales expectations and earnings came back to earth after a post-election surge. In March, some warning signs appeared. The uncertainty index rose to 93, its second-highest reading on record. “More small business owners are ...
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Financial ReviewBy Sinclair Noe