Aug 4, 2022 • 9M

Focus Turns to Employment Data

Initial jobless claims are at 0830, with non-farm payrolls tomorrow. In the meantime there is some (positive) earnings news to distract…

Upgrade to listen
The daily podcast discusses the major market activity and economic data release schedule for the day ahead, with a contrarian bent. Also includes regular podcast episodes a day (or more) early and without ads or announcements.
Episode details

Good morning contrarians! It is Thursday, Aug. 4.

Stocks put in a major rally yesterday. Tech led the way, with the Nasdaq adding 2.5% during the session. The S&P 500 was up 1.5%.

State of Play

As of 0635 today there is not much going on:

  • Stock futures are up a tiny bit, with the Nasdaq pointing to gains of 0.5% at the open and SPY up 0.3%;

  • Commodities are flat, with WTI crude oil up 1% to trade around $92/barrel. Copper is unchanged;

  • Cryptos are dropping a bit, with bitcoin down 2% to trade below $23,000;

  • Bonds are unchanged, with the 2-year yield at 3.1% and the 10-year at 2.73%.

Listen to this episode with a 7-day free trial

Subscribe to

Contrarian Investor Premium
to listen to this episode and get 7 days of free access to the full post archives.