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Waiting on the ‘Report’

We are awaiting the employment report–the ‘official’ report from the government. While I question the reports coming from the government they are what they are and markets will react. Equity markets are just waiting–little movement.

I am back to watching the markets for now – seems like a bit of a flip flop as only last week I was awaiting CD and Treasury maturities so I would have some cash to invest and now I am waiting. A number of folks commented yesterday ‘why invest today when better prices are coming tomorrow’. Also with competing investments where I can lay low for some number of months at a pretty good coupon why stress out with dicey investments.

4 thoughts on “Waiting on the ‘Report’”

  1. Still rearranging the deck chairs. A few of my limit sells were close to hitting until yesterday’s dump. Have to wait a while longer. But on the other hand I picked up more CNKQP and the AJXA just feel both are safe at least as safe as any preferred in this market.

  2. There are some 6% 2 year callable Bank of Montreal A rated bonds on Schwab. BANK MONTREAL MEDIUM 6% 07/18/2025 Callable
    Not all that high, but would bite if not for them being Canadian, even though my account is a traditional IRA, chances of somebody on either end withholding taxes are 50/50.

    1. HI Garu, Just a FYI. I loaded the ADP and non-farm Payroll numbers into a spreadsheet to compare the two. With the exception of today’s June numbers, I’m using the revised numbers which come out one and two months after the first ‘advanced’ number which today’s June number is. What I found is every once in a while you get these big differences. Like July 2022 the difference between the two was 110K (19% difference). In Oct 2022 it was 141K (43% difference). Jan 2023 it was 353K (74% difference). And today (not using revised numbers) it was 288K (137% difference). Even though sometimes the numbers are way off, as Tim says, the market reacts.

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