S&P 500 market breadth near the worst level this century and Labor, inflation, and equity conditions nearly identical to June 1999 when Fed hiked rates to 5% to cool markets

Fed faced same risks in ‘99 as today… June 1999. The Fed is concerned about: -Rampant equity speculation and its impact on wealth (SPX PE 24x, today 23x)-Too tight labor markets (UR 4.3%, today 4.1%)-Too high wage growth (ECI 3.5%, …

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June jobs report reveals weakening labor market with rising long-term unemployment and shrinking participation despite headline gains in government and low-wage sectors

6.5M sidelined want work participation rate keeps falling… 1. Sector BreakdownJune job gains were led by gov’t, healthcare, and hospitality—low-wage, service-heavy sectors. Meanwhile, business services, manufacturing, and tech were flat or shrinking. This isn’t strength—it’s a shift toward unproductive labor. …

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The labor market is still holding up.

Breaking: April jobs number: 177k vs 133k expectations. Revisions mehUnemployment stays flat at 4.2%Average hourly earnings +.2% vs +.3% expectations lightYOY +3.8% vs +3.9% exp Bond yields up a bit. Stocks popped some — QE Infinity (@StealthQE4) May 2, 2025 …

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We are on the same rate-cut path as 2007. Remember what happened in 2008? Powell becoming extra-hawkish likely means the labor market is about to crack

We are on the same rate-cut path as 2007. Remember what happened in 2008? — Steven Van Metre – AI 👑 (@MetreSteven) December 18, 2024 https://twitter.com/Logisticsexpert/status/1869522799389454585 Maybe he is finally starting to see the stagflation? — David Sommers (@dgsommersmkts) December …

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Attitudes about the labor market are deteriorating. Fresh low in the Labor Differential. Not a welcome sign for unemployment

Attitudes about the labor market are deteriorating. Fresh low in the Labor Differential. Not a welcome sign for unemployment pic.twitter.com/kw8mIH0VYy — Win Smart, CFA (@WinfieldSmart) September 25, 2024 Some layoffs announced in August/September :Intel : 15,000 employeesDell : 12,500 employeesSAP …

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