MARKET REPORT
(Unburdened by what has been)
1873

Scandinavian Monetary Union

Fixed exchange rate system based on the gold standard between Sweden and Denmark, and later Norway in 1875. The Union ensured exchange rate stability. Member countries still had their own currencies. This Monetary Union, which lasted until 1914, is one of the results of the Scandinavist political movement of the 19th century, which supported the idea of a unified Scandinavia.

You were found in clear conditions. But you’re handsome in the Fog.

Day in Review:

Today:
(Kamalanomics:  Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable):

DATA:
– Blowout Payrolls: Sept 254K Jobs Soar Above Highest Estimate, Unemployment Rate Drops And Wages Spike
– biggest monthly increase since March
– higher than the average monthly gain of 203,000 over the prior 12 months
– above the highest estimate (220k)

– both prior months were revised up
the change in total nonfarm payroll employment for July was revised up by 55,000, from +89,000 to +144,000, and the change for August was revised up by 17,000, from +142,000 to +159,000
– employment in July and August combined is 72,000 higher than previously reported

(ANYONE SAY….. ELECTION!?! 50bp cut and a booming economy! Gotta love a good coincidence!)

– The estimate is that 150k is about consistent with a return of the economy to trend growth…..the moving six-month average on nonfarm payrolls is 167k!!!!

– the number of employed people also surged, rising by a whopping 430K, also the biggest one-month jump since March:

– The unemployment rate also came in stronger than expected, it dropped from 4.2% to 4.1%

– Meanwhile, the labor force participation rate was 62.7% for the third consecutive month, and the employment-population ratio was little changed at 60.2%

– average hourly earnings rose 0.4% sequentially, beating the estimate of 0.3%, while on an annual basis, wage growth was 4.0%, up from an upward revised 3.9% and beating the 3.8% estimate.

Full-time rose part-time dropped

– Dollar UP, Gold off small (Silver up), Equities/Crypto/Crude FIRMER

KEEP DOING WHATS WORKING, STOP WHAT ISNT

Best of luck out there. Let the market come to you

Post of the day:
https://hasanjasim.online/someone-explains-how-poland-regulates-its-water-supply-using-clams-and-its-pretty-bizarre/#google_vignette

&

https://www.youtube.com/watch?v=FvmYaYCZBvw

Song of the day:

https://www.youtube.com/watch?v=XfGZncwiIT4

Joke of the Day:
https://www.youtube.com/watch?v=48aUMXifAn8

(Seize all assets of Duke and Duke enterprises)

I can be contacted should anyone have any questions, input at [email protected] during US hours of EST 9am until 5pm

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