Bill Adams
US job openings hit more than 2-1/2-year low as labor market cools
U.S. job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers.
ECONOMY
JPMorgan CEO Jamie Dimon: Wall Street Should Prepare For A Recession
JPMorgan CEO Jamie Dimon says Wall Street should be prepared for a recession.
30-year fixed-rate mortgage
US new home sales fall more than expected in October
Sales of new U.S. single-family homes fell more than expected in October, likely as higher mortgage rates reduced affordability.
Benchmark index
S&P 500 to see small gain in 2024 as US economic risks rise – Reuters poll
The S&P 500 will end next year only about 3% higher than its current level, with a possible U.S. economic slowdown or recession among the biggest risks for the market in 2024.
data
Report: Rent Prices Decreased In October For 2 Months In A Row
Reports show that nationwide rent prices decreased in October, signifying that the rental market is mellowing since the Federal Reserve has carried interest rates at its highest point in years.
Anat Bracha
US jobs data may be miscounting millions of ‘gig’ workers, research suggests
Millions of “gig” workers may get missed every month in the U.S. government’s employment report.
Bureau of Labor Statistics
US weekly jobless claims at three-month high; import prices tumble
The number of Americans filing new claims for unemployment benefits increased to a three-month high last week.
Amazon
US retail sales dip; producer prices post biggest drop in 3-1/2 years
U.S. retail sales fell for the first time in seven months as motor vehicle purchases and spending on hobbies dropped.
30-year fixed-rate mortgage
US 30-year mortgage rate plunges by most in nearly 16 months – MBA
The interest rate on the most common type of U.S. residential mortgage plunged last week by the most in nearly 16 months.
10-year Treasury note yield
S&P 500, Nasdaq score longest win streak in 2 years on rates view
S&P 500 and Nasdaq extend gains as U.S. Treasury yields retreat on Fed’s rate hike stance.