The rate at which Americans are quitting their jobs is on the rise…and that’s a good thing.
An upward trend in the job quitting rate in the U.S. signals strength in the labour market. Why? In good times people are more likely to quit their jobs because getting a new job is generally easier. When the economy starts to weaken, employees recognize these signals early and change their behaviour, making them far […]
Correction, or something more sinister? $SPY $TLH
As of the close yesterday, the S&P500 has pulled back 7.8% from highs reached one week ago. Internally at Barometer the week before last we were discussing the extent that the market had become extended above its longer term moving averages and the possibility that we could see correction. As a potential trigger, we noted […]