AIpocalypse No! Initial Jobless Claims Collapse To Lowest Since 1969

Amazon Prime Day Household Spending Underwhelms, Survey Finds The massive four-day shopping event for Amazon Prime members kicked off Tuesday and runs through the end of the week, but early survey data suggest the sales event is off to a sluggish start, with average household spending on day one tracking below last year's pace. Bloomberg cited high-frequency data from market research firm Numerator, which surveyed thousands of Prime members and found that the average household had spent about $89 as of 4 p.m. Tuesday, the first day of Prime Day. That...

President Donald Trump’s war with Iran is widely unpopular with the American people.  According to a Reuters poll conducted on Sunday, only 27% of Americans support the US attacking Iran. 43% of Americans oppose the war.  Trump ordered the war on Iran on Saturday morning. The US and Iran were in the process of negotiating […]

Key Events This Week: Jobs Report, JOLTS, ADP, ISMs And Fed Speakers The key event for markets outside of Iran (which is once again front and center following news that Iran is halting all exchange of messages with the US in protest of Israeli crimes in Lebanon) will be Friday’s US May employment report. Economists forecast a notable moderation in payroll growth compared with the relatively strong pace seen earlier in the spring. Headline nonfarm payrolls are expected to rise by around consensus 89k, down from 115k in April, while...