The Traderszone Network

Dozens of the nation’s largest retailers including Macy’s Inc., Amazon.com Inc., and Home Depot Inc.

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Earlier in the week we had the and then the PMIs, both of which improved on the month.
manufacturing
services

From today’s PCI (Australian Industry Group Performance of Construction Index) report:

The Challenger Job-Cut Report tracks layoffs by industry and region. The data was out overnight:
– Employers based in the United States announced 105,696 layoffs last month
The data was greeted with some consternation … and … dare I say it … an overreaction.

Via Goldman Sachs’ Karen Heichgott,

 We forecast nonfarm payroll growth of 225k in July, in line with consensus expectations. Many labor market indicators were softer in July, but some important service sector indicators, such as ISM nonmanufacturing employment, were significantly stronger. On balance, we expect job growth roughly consistent with the 223k increase in June.

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Capital One is in exclusive talks to acquire General Electric’s U.S. healthcare finance unit, in a deal likely to top $10 billion.

The market resumed the decline after a few days of respite. The decline was large enough to cause Trend Model and PMO bearish signals to appear (or reappear as the case may be) on the major market indexes. Be sure to read my free article in the
DecisionPoint blog. I should have it published by 8pm EST, I’ll review the numerous signal…

The latest ideas from Silicon Valley involve shopping for your underwear or taking out your trash, as tech startups get even more self-indulgent after launching on-demand grocery shopping and laundry services.
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