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Premium Episode 32 min
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44m shares traded on SPY. Just pathetic
Summary of the day
Low volume. Waiting for PPI, CPI and Jerome Powell next week
Breadth
817 new highs
141 new lows
43% advancing 53% declining
42% below 50 day ma
33% below the 200 day ma
Stuck out
Strong
Weak
What to watch
Watch mag 7
Watch yields
Credit card delinquency rate (1991-Present)
FRED Indeed.com Jobs data series
True Rate of Unemployment
Tracks the percentage of the U.S. labor force that does not have a full-time job (35+ hours a week) but wants one, has no job, or does not earn a living wage, conservatively pegged at $25,000 annually before taxes.
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