MacroEdge Midweek Report: Labor Market Headwinds Continue, Vision Update

In this brief Midweek Report - we cover the latest employment data, the recent spike in natural gas and coal, highlight the Nasdaq-underperformance, and provide an update for MacroEdge Vision.

Good Thursday evening everyone,

This evening, we’ll dive into the latest data of the week—we’ve continued to have mixed signals on the macro front, and a risk-on environment remains following Trump's election. In my note, I’ll cover the latest on Claims from the report today, provide an update on the tech-centric Nasdaq Index, and discuss coal and natural gas. Six will follow with the latest update for MacroEdge Vision.

Don’t miss the first RESights Report tomorrow at 5 pm EST. We’ll introduce our new division, and then our team will discuss all things real estate sector. We look forward to expanding our presence in the real estate world in beyond as we quickly head towards the start of a new year.

Midweek Macro Note - Labor Market Still Soft, Nasdaq Still Lagging, Commodities Heating Up (@DonMiami, Chief Economist & Co-Founder - MacroEdge)

Claims Highlight Labor Market Softness

While initial claims remain quite low as we head into the winter months - expect an uptick into January. Initial claims don’t mean what they once did in the gig economy world, coupled with severance packages and unlivable UI payment amounts (take Florida at a maximum of $275/week, for example), with median rent costs over $2,000 a month in many cities around the state.