Four companies – Microsoft, Apple, Google and Amazon – are 14% of the S&P 500. Their weightings: MSFT (4.3%), AAPL (3.9%), GOOG/L (3.0%), and AMZN (2.9%). If they were their own…
Big Tech Correlation
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Day: October 7, 2019
WSJ: "Bitcoin Slumps as Launch of Bakkt Futures Market Disappoints"
Excerpt from The Wall Street Journal quoting DataTrek Research: …. ” But it doesn’t appear that much of that activity represents “outside” money. The growth in the number of wallets…
CNBC: "That 50-year low in unemployment isn’t helping worker paychecks"
Excerpt from CNBC quoting DataTrek’s Nick Colas: …. “In addition to the slowing gains in hourly wages, weekly earnings rose just 2.6%. That’s the result of “workers oddly reluctant to…
Deep Tracks From Friday’s Jobs Report
Friday’s Jobs Report was one of those mythical “Goldilocks” releases that bullish investors dream of, so let’s dig into our favorite deep tracks from the release: #1: African American unemployment…