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AAR: Rail Traffic increased in March

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. Total carloads on U.S. railroads in March 2017 were up 7.3% (87,183 carloads) over March 2016; excluding coal, carloads in March were up 2.7% (23,337 carloads). Intermodal containers and trailers were up 3.8% (47,180 units) for the month. Year-to-date total carloads through March were up 5.7...

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Surprisingly Volatile Intermarket Reactions to End the Week

This morning’s lower-than-expected Jobs Report didn’t shake up the equity market, but we’re seeing big reactions Friday in three key markets (and a surprise in one). Let’s chart our intermarket grid and prepare ourselves for additional study over the weekend: I’ll be briefing members fully this weekend but wanted to share a quick insight about money flow to end the week. Put all these charts above in context of a FLAT...

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Range Trading the Jobs Report April 7

After a surprisingly lower monthly Jobs Report number, equity prices shrugged it off without a reaction. As such, we remain within our new short-term trading range between two key Fibonacci Levels. Here’s today’s updated Emini (@ES) trading levels for your trades: I wish I had more information for you but the market remains within our trading range. Keep playing the departures from the high and low of the range – and remaining neutral – until ...

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Friday links: a rarefied realm

MarketsHow this stock market compares to 2000 and 2007. (wsj.com)The stock market doesn't stand still for anyone. (awealthofcommonsense.com)Strategy"People want uncorrelated assets until they’re uncorrelated to the downside." (awealthofcommonsense.com)An in-depth look at the Growth-Trend market timing model from Philosophical Economics. (allocatesmartly.com)In praise of investment checklists. (aaii.com)How to avoid value traps. (blog.johnsoninv.com)Sponsored linkWebinar: What You Ought to Know ...

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Brexit & Beyond: Greece Moves Closer to Bailout Deal, Brexit ‘Litmus Test’ for Globalization, European Nationalists No Passing Fad

Brexit & Beyond: Europe in Flux is The Wall Street Journal’s round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS Greek Prime Minister . Greece and its international creditors agreed Friday on the main points of a deal that could keep the country’s bailout program going. PHOTO: Reuters Greece, Creditors Move Closer to Deal on Bailout: Greece and its international creditors agreed Friday on ...

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Comment: A Mostly Solid Employment Report

The headline jobs number was below expectations, and there were combined downward revisions to the previous two months. However the weakness in the headline jobs number can be blamed on the weather (both payback from a warm February, and storms during the reference week in March).Note: The weather impact was no surprise (I took the under in my employment preview).There was plenty of good news - especially...

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The March Jobs Report in 12 Charts

Employers added 98,000 jobs in March and the unemployment rate dropped to the lowest level in almost a decade, highlighting steady but sometimes mixed progress across the labor market. Here are the details. Year over year, average hourly earnings for private-sector workers have been running higher. They were up 2.7% from a year earlier in March. Payroll growth is up around 1.5% over the last year, the slowest rate of increase in nearly four years. The share of ...

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March Jobs Report – The Numbers

Luke Sharrett/Bloomberg Payrolls 98,000 Employers added 98,000 jobs to their payrolls in March, an unusually low figure in what has been a strong run of job growth in recent years. They added 219,000 jobs in February, down from the initially reported 235,000. And they added 216,000 in January instead of the previously reported 238,000. Jobless Rate 4.5% The jobless rate fell two-tenths of a percentage point last month to 4.5%, the lowest level since May 2007. The rate dropped because the ...

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March Employment Report: 98,000 Jobs, 4.5% Unemployment Rate

From the BLS: The unemployment rate declined to 4.5 percent in March, and total nonfarm payroll employment edged up by 98,000, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services and in mining, while retail trade lost jobs.... The change in total nonfarm payroll employment for January was revised down from +238,000 to +216,000, and the change for February was revised down from +235,000 to +219,000. With these revisions, employment gains...

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Podcast links: effective behavior change

The bizWhy podcasting can't replace public broadcasting. (newrepublic.com)FinanceJoe Weisenthal and Tracy Alloway talk with Robin Greenwood about how to identify bubbles. (bloomberg.com)Patrick O'Shaughnessy talks with Khe Hy about the changing hedge fund landscape. (investorfieldguide.com)Meb Faber talks with Raoul Pal about the global economy and Real Vision TV. (mebfaber.com)Sponsored linkWebinar: What You Ought to Know about Trading VIX & Volatility. Hear from CBOE Director of Education & 3 Hedge Funds Pros on...

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