About the Video
Weekly stock market analysis – Yield curve inversion, US Jobs Report, OPEC+ announcement, Purchasing Managers Index (PMI), earnings update, global chip slowdown, Nancy Pelosi and more.
🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ Click Here
⬇️Timestamps:
0:00 → Yield Curve Inversion
0:38 → US Jobs Report (July)
1:34 → S&P GSCI Index
1:52 → OPEC+ Announcement (Oil Prices)
2:43 → US Purchasing Managers Index (PMI)
4:21 → Earnings Update
6:02 → Semiconductor Slowdown
6:51 → Nancy Pelosi, Taiwan and China
7:55 → Upcoming Important Date
The spread between the yields on the 10-year and 2-year Treasury notes has been inverted for more than a month, and is now standing at -0.403%. An inverted yield curve has historically been a reliable indicator of a coming recession, coming most recently before downturns in 1990, 2001, and 2008. While brief inversions typically don’t predict a downturn, ones that last beyond a momentary flashing can have stronger predictive power.
Nonfarm payrolls rose 528,000 for the month and the unemployment rate was 3.5%, easily topping the Dow Jones estimates of 258,000 and 3.6%, respectively. The unemployment rate is now back to its pre-pandemic level and tied for the lowest since 1969. Wage growth also surged higher, as average hourly earnings jumped 0.5% for the month and 5.2% from the same time a year ago.
OPEC and its allies cited the prospect of slowing demand in its decision to lift supply by just 100,000 barrels a day, a tiny fraction of the group’s overall production and a far smaller increase than it has added in recent months. Reports said they are concerned that a potential recession in the US and Covid-19 lockdowns in China will sour demand.
Relations between the US and China have plummeted into further uncertainty as China halted ties with the US on a range of critical issues – from talks on the climate crisis to dialogue between their militaries – following the visit to Taiwan last week by the US House speaker, Nancy Pelosi. China launched ballistic missiles during live fire exercises near Taiwan following the controversial visit, as a warning sign.
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Disclaimer: The content on this channel is for educational purposes only and merely cites my own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.
