With the covid wave hitting the US, whatever emerges from the stimulus negotiation is likely to have a flavor of too little, too late—in size and composition The key question for the economy and markets in this particular policy area is how the December outcome will impact the fiscal policy approach post January 20th. #markets #economy #investing #covid …see more

ADP job creation for November came in at 307,000, below expectations. (The October number was revised up to 404,000.) Putting it all together, the ADP report confirms what much of the other high frequency numbers have been suggesting: A slowing US economic recovery. #economy …see more

Lots of the November commentary on #markets will focus on the best month for US #stocks since early 1987. Also of note, a very good month for #Bitcoins (chart) that will further excite holders because ... It included a rapid rebound from a sharp retracement; and It decoupled from #gold which had a tougher month (chart). …see more

POLITICO 's Ben White on "what the #Yellen choice means for #Biden and the #economy ." https://lnkd.in/eqhCTrS …see more

CNBC on the just-released US weekly initial jobless claims number. Per this chart from Liz Ann Sonders (thank you Liz Ann), the rate of improvement in the labor market continues to moderate in the context of an economic recovery that is falling short of what's needed and possible. #economy #markets #investing #stocks #equities …see more

The Financial Times' Richard Henderson on the strong August for US stocks. https://lnkd.in/g-QprpF #economy #markets #investing #investors #stocks #ft Financial Times …see more

A major uncertainty facing the economy, including at the end of this month for the US, is the extent to which "one round" policy responses evolve into "multi-round" responses. This involves unemployment benefits and, per this article from The Wall Street Journal , eviction/rents moratorium. https://lnkd.in/g6CPsE5 #economy #markets #wsj …see more

‪Reflecting the continued 2-way interactions between health and economics, analysts now need to assess how long this particular phenomenon (below) will continue, and how it will be reversed, when taking a view on the outlook for 3rd quarter economic activity in the United States. ‬ …see more

The link to this morning's conversation on CNBC with Joe Kernen. https://lnkd.in/gvz3JbG #georgefloyd #inequality #cnbc CNBC …see more

First round of #trades at the US market open confirm the cyclical rotation favoring names that do better in a more fully-functioning #economy #Dow is up 1.2%, the S&P half of that, and the NASDAQ is down 0.6%. Interestingly, the yield on 10-year government #bonds is 2 bps lower …see more

Re NEW NORMAL 2.0: Thoughts on why, given current trends, the global economy risks coming out of the COVID-19 shock facing a paradigm of even more sluggish/unequal growth (a multiple of the original New Normal, and less stable) ... and what can be done to avoid such an unfortunate outcome. https://lnkd.in/g7Wzrhw #growth #inequality #economy #markets #covid19 #coronavirus #inclusiveness …see more

US government bond markets are following equities in evolving the dominant "common global factor" from policy interventions to the phased re-opening of the economy. With that, the yield on 10-year bonds has climbed over 0.70 bps (and the 2s-10s yield curve steepened to 52 bps). #bonds #markets #equities #economy #investing #stocks …see more

Quick End of Day Post for US Session Nice intra-day reversal for stocks with the major indices all ending higher on the day (breaking a 2-day losing streak). Once again, tech names out-performed, pushing the NASDAQ up 1.2% (relative to 0.4% for the S&P and 0.1% for the Dow). The 10-year yield closed at 0.63%. Oil also had a strong day, with WTI up 7.0% and WTI 5.5%. #oil #markets #economy #bonds #stocks …see more

Such a pleasure to participate in this interesting conversation on the economic effects of the CoronaVirus. A big thank you to Tarun Ramadorai, Professor at Imperial College , and to Yalda Hakim, by far one of sharpest and best news anchors on television. #bbc #economy #coronavirus #covid19 #BBCWorld …see more

Good morning. While much of the media attention remains on the expiring oil contract, the complex as a whole is under pressure again today price wise. This is contributing to what Futures and Asian/European markets suggest will be a risk-off open in US stocks. The 10-year yield is under 0.60%. #markets #stocks #equities #investing #economy …see more

It's important to remember what did and did not drive the rally of the US dollar this quarter. Both the rise and fluctuations in the DXY dollar index (below) had much less to do with factors endogenous to the US (that's to come, later) and much more with global common factors and what's happening in other countries. #economy #markets #dollar #currency #fx …see more

Cities need our help. We can't just have good ideas. We can't just "think out of the box". At this point, we have to destroy the box. This is what I would do if I were mayor of NYC. But the ideas apply to any city that wants to increase prosperity, increase jobs, save jobs, create more opportunities. #nycjobs #nyc #nycrealestate …see more

It's Altucher Bookclub time! This week, we have one by Malcom Gladwell (you can pre-order it on amazon!), and one by Harriet B. Braiker. Also, featuring a couple friendly guests appearances! #bookclub #lifestyle #reading #writing #poker #abc #entrepreneurship #read #challenges #bookoftheweek …see more

[Anniversary Episode] w/ founder and creator of SPANX. I interviewed her exactly a year ago. But all of her advice that is still impacting me today. I had to re-listen. And I hope you do, too! Follow me on YouTube: …see more

Former US Homeland Security Sec. Jeh Johnson notes that the Trump administration has "crossed the lines" yet avoided provoking a serious response from Syria or Iran. #Russia #CyberAttackers #Syria #Iran Watch GZERO Media 's #GZEROWorld : https://lnkd.in/dA4xsZ2 …see more