Weekly markets checklist. Week 146. 9th February 2024

Following the big beat in Non-Farm Payrolls last Friday we have a long segment on the difference between the BLS’s Household and Payroll surveys followed by a discussion of the strength of the US jobs market. We also have segments on Repo/Reverse-Repo Agreements, Egypt, the US Senior Loan Origination Officer’s Survey and the performance of the FTSE 100. As a result we will not be doing the usual Recession Watch, Inflation Watch and Soft Landing Watch. Normal service will resume next week.
Chapters
00:01:07 This week’s news
00:03:35 This week’s economic data
00:04:04 UK economic data
00:10:39 UK labour force survey
00:13:07 EU economic data
00:15:24 US economic data
00:25:48 China economic data
00:30:16 One chart
00:32:08 Repo/Reverse-Repo
00:44:46 Egypt
00:48:01 The difference between the Household and Payroll Surveys
00:56:06 How strong is the US labour market?
01:06:43 SLOOS
01:10:36 FTSE 100
01:12:50 Other charts
01:13:06 Good news
01:15:12 Equity market checklist
01:22:25 Energy commodity checklist
01:29:03 Industrial metals checklist
01:30:09 Precious metals checklist
01:30:52 Bond yield and interest rates checklist
01:32:41 Concluding comments
01:33:56 Keith’s portfolio update
Email: [e-mail]
Discord: / discord
Gofundme: gofund.me/f499...
Our podcast is entirely free and in order to maximise the viewing experience we do not accept distracting UA-cam advertisements. We therefore rely on voluntary donations via Gofundme to help defray our running costs. All donations are very gratefully accepted and the generosity of our audience is a source of constant delight to us.
Unfortunately we have had to instigate 2 factor authentication on our Discord channel to discourage Crypto-scammers. It remains a welcoming environment where private investors can swap information in a positive and supportive environment. Please join us.

[@robertdagge200]

Very good thanks.
One I will need to re-watch. Whenever I hear the word repo, I still think of 2 men breaking into a car while the unsuspecting owner sits in his underpants on a sofa just 50 metres away watching The Kardashians on TV with a huge bag of crisps and 3-litre plastic bottle of Coca Cola.
Said it before, but these 15 year old investors in Meta and Nvidia etc. are making monkeys of us "experienced" investors....

[@sogoesit8008]

Hmmm... Where is the Energy (Oil & Gas) Sector in the Jobs Growth data? Is it in Mining and Logging?

[@portfoliomatters2473]

Oil and jobs are part of “Mining, Quarrying and oil extraction” which they seem to abbreviate just to “Mining and Quarrying” www.bls.gov/iag/tgs/iag211.htm

[@jemmakay5607]

remember the data economy. free data is used ti support yhe data sales business, which sells not only early release, but also granular, and better refined than free data. The models leverages a disadvantge between the users of free vs the users of paid data.

[@portfoliomatters2473]

Hi, I agree that that is true for private sources of information, like Bloomberg, but I believe that govt statistics are issued simultaneously to everyone without revision. The vast majority of the data we present is from govt statistics offices, and therefore should be the same for everyone.