Something's not quite right... 何か全くおかしい・・・
With economic data disappointing en masse and US equity earnings
expectations plummeting, talking heads have one last leg left on the
stool of buy-and-hold - jobs, jobs, jobs! The unemployment rate (low),
participation rate (people coming back into the workforce), wage growth
(rising at fastest pace in 10 years), initial jobless claims (back near
multi-decade lows), and JOLTS (more jobs offered than people available).
So, why are continuing jobless claims surging in a not-noisy manner higher for the last six months? では、どうして失業保険申請が６か月連続で増え続けるのだろう、これはノイズではない？
We have seen this before...
以前も同様のことがあった・・・
And in fact 2019 is now the worst start to a year for continuing claims since 2009...
最後の二段落だけ訳しておきます。 Stock Euphoria Stunts Gold Adam Hamilton April 19, 2019 3257 Words The great euphoria emanating from these near-record-high stock markets is breathtaking. Traders are again convinced stocks do nothing but rally indefinitely. That everything-is-awesome mindset has stunted gold’s latest upleg, since there’s no perceived need for prudently diversifying stock-heavy portfolios. But that psychology can change fast, as we saw a half-year ago. Gold investment roars back as stocks roll over. The word “euphoria” is widely misunderstood, often confused with “mania”. The latter is when stocks rocket vertically in blowoff tops, and is defined as “an excessively intense enthusiasm, interest, or desire”. The US stock markets certainly aren’t in a mania. At its latest high last Friday, the flagship US S&P 500 broad-market s...
