Sober Look's picture

The Beveridge Curve, a scatter plot of job openings vs. the unemployment rate, continues to show a structural shift in US job markets.

Thomas J Smith CFA's picture

It is curious that for many the biggest fear right now is that prosperity will break out. For much of the bull market people have lamented the lack of jobs growth or growth of any other type for that matter.

Doug Short's picture

Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett. Back in 2001 he remarked in a Fortune Magazine interview that "it is probably the best single measure of where valuations stand at any given moment."

Jeffrey D Saut's picture

By the time the 2nd quarter was complete 2014 was in the process of being transformed from a flat year for risk assets and a strong year for fixed income into a much more encouraging year for the former and perhaps less so for bonds. Indeed if the SPX index were to simply replicate its first +6.05% half performance...

Marc Chandler's picture

The headline of a recent Financial Times article reads "Paris rails against the dollar's dominance." It could have been written nearly any time in the past half century. After all it was a former French President Giscard d'Estaing...

FS Staff's picture

Noted market technician Tom McClellan says we’re seeing a “big warning sign” develop between the VIX and the S&P 500, with the strong possibility of a market selloff this month. He also talks about his projections for a bull market peak and a bottom for gold.

Oil Price's picture

A recent study from Cornell University finds a probable link between drilling activity and an increased frequency of earthquakes in Oklahoma. Published in the journal Science, the study indicates that the practice of injecting millions of gallons of wastewater underground after a well is hydraulically fractured may increase the occurrence of earthquakes.

BCA Research's picture

One of the raging debates among economists and investors these days concerns the size of output gaps in the major developed economies. If output gaps are smaller than widely believed, central banks will need to tighten monetary policy...

Sober Look's picture

As discussed earlier, home price increases in the US are slowing. One of the reasons for the slowdown is the continuing weakness in wage growth. The latest data seem to indicate that in spite of the overall improvements in job creation...

Sheraz Mian's picture

With not much on the economic calendar this morning, last week’s strong jobs report will likely remain the dominant theme in today’s session as well. Attention will soon shift to the second quarter earnings season, with Alcoa’s (AA) unofficial kick-off to the reporting cycle after the close on Tuesday.