Happy Friday, everyone. The jobs report came out, and it was relatively strong (forecast is the number on the right, and actual the number on the left).

Happy Friday, everyone. The jobs report came out, and it was relatively strong (forecast is the number on the right, and actual the number on the left).
Normally, I provide the Slope “Fed Spread” (explained in deep detail here) only to my beloved Gold and Platinum members each Thursday afternoon. Today I’m going to open up the kimono and make this a public post, partly because I feel bad there’s so much premium content lately, and also to tantalize you with the fact that the Fed Spread is going to get WAYYYYYYYY more interesting following the debt ceiling compromise, and I, for one, plan to hang on to every morsel of data slavishly throughout this summer as my principal source of guidance.
You might want to, ya know, sacrifice a latte or two each month and send Slope your money instead. I daresay it might pay for itself a gazillion times over. Up to you, of course. You and your sense of decency. So let’s move on.
(more…)Note: This post is special enough to be labeled a premium post, which means that it is (with the exception of the paragraph you are reading now) visible only to Gold and Platinum subscribers. If you would like to try a risk-free subscription to get immediate access to all premium content, as well as the dozens of other features exclusive for paid accounts, click here to learn about your choices. Everyone is welcome to continue chatting in comments below (or, for a more free-flowing experience, please use SlopeTalk).
Speaking of retail………..Lululemon (LULU) reports earnings tonight. The chart is kind of interesting since the price has been tracking steadily lower, but it may simply be working on sealing its gap before it pushes higher again (I have no position at all).