2018

In the midterms, the Democrats, on the other hand, are hoping to generate a lot of enthusiasm by being against Trump. But I am not at all convinced this will turn out negatively for Trump and the Republicans.

The Italian government will do whatever it takes to remain in the Euro. When others outside of government talk about Italexit and the like, it is meaningless. That's the message Tria is sending.

Maybe he just wants to get concessions out of the Chinese and the Mexicans and he is willing to take heat on (temporarily) damaging relationships with the Canadians. I suspect this may be what he is after.

I am using Tesla as an example here more than anything. I am not about to delve into Tesla's loss-making operations and make a case against the stock specifically. But I do want to highlight the 'bubble' that Tesla represents.

This report shows the US economy in a good way. In terms of things the Fed watches, both employment and inflation look good.

The macro data are good enough for the Fed to dismiss economic concerns for adding a hike in December. The market is only pricing in this hike at 33.2%.

Too many observers mistakenly focus on the net positions in the futures market. Drilling down from the net to the gross positioning is very revealing. The gross euro longs have risen in four of the past five weeks. And there is another…

I have talked a decent bit about the jobs report in my last two posts here. So I want to say more about what the information in that report says to Fed members, given recent Fed guidance and speeches. I am going to lean heavily on comments…

The biggest positive takeaway is that trend growth in non-farm payrolls is heading up. For me, it suggests that the economy has legs.

By Marc Chandler This post first appeared on Marc to Market The US jobs data was stronger than expected and yet the impact on the dollar is modest.  The market is as confident of a hike at the June 13 FOMC meeting as it gets about…