- Nonfarm Payrolls (PAYEMS): +199k (+0.13% m/m)
- CNP With a Disability, 16+ (LNU00074597): +299k (+0.89% m/m);
- Auto/Light Truck Sales (ALTSALES): -0.73% m/m; 5-month low.
- Fed Balance Sheet (WALCL): -58.8B (-0.75% w/w); deflation.
- Total Bank Credit (TOTBKCR): +15.3B (+0.09% w/w); slight expansion.
- Strategic Petroleum Reserve (WCSSTUS1): +330k (+0.09% w/w); slight refill.
- 30 Year Mortgage Rate (MORTGAGE30US): 7.03% (-19 bp w/w). 7-week low.
- 10 Year Treasury (DGS10): 4.24% (+2 bp w/w); possible low.
Rates may have bottomed out on Friday. Payrolls (Friday) caused a bit of a stir; I’m not sure why, since the headline number came in as expected. On Friday, the metals were pounded, the buck rallied (+0.46%), and the 10-year yield rose too (+10 bp), with the moves starting right after the Payrolls release. Is the market now paying attention to the (inflationary) disability numbers? Impossible! And yet:
Adult disability in the overall population 16+ (LNU00074597) rose +299k in November; that is 224k short of a new all-time high. However, for employed women 16-64 (LNU02076960), the news was worse: disability jumped +256k just this month alone to a new all-time high. Here’s a much larger-picture candlestick chart, which I believe summarizes 3 years of vax damage inflicted on employed (force-vaxxed) US women. For this group, Covid (2020 disability) was a nothing burger. Then, disability screamed higher in 2021, after the (mandated) rollout of the Safe & Effective “Precious” by Senile Joe and his Lockstep-Handlers. Why does the vax seem to preferentially target women? De population deserves to know de answer, but we might need to de-fund a number of government agencies before we find out de truth. #metoo, but for 1.2 million prime-of-life employed women since 2021, now mostly unable to work, thanks to the force-injected Safe & Effective Precious.
More disability = higher wages for the remaining and shrinking workforce.
Gold had a bad week, dropping 65.90 (-3.17%) to 2014.50 – almost half of those losses came on Friday. Gold is still above 2000, but the banksters did their best to reverse last Friday’s breakout to a new all-time high. The market tactic employed, from what I can tell, was to push prices higher in Asia on Monday (Sunday night, US/Eastern) by running the stops on the shorts – making a new intraday all-time high: 2140.70 – and then flipping direction, smashing price lower, tripping the stops in the other direction, finally closing at 2032.90.
by thc0655