JOLTS job offers declined

Announced at 23:00 on 2024/7/30Number of JOLTS job offersResults for 8.23 million people the previous month8.184 million peopleIt was.

Because the deterioration in employment will cause interest rate cutsStock heightIt's a factor.

Number of JOLTS job offersIf you look at the contents, the number of jobs is on average, the same as the number of job offersshrinksMost of the sectors were doing it.

While most sectors are decliningTrade/Transport/Public Sectoris rising.

The number of jobs has deteriorated compared to the same month last year. This is a good sign for inflation to subside.

It was announced at the same timeConference Board Consumer Confidence IndexResults for 97.8 of the previous month100.3It was.

Because rising desire to buy accelerates inflationStock depreciationIt's a factor.

It is contradictory that the desire to buy rises as employment deteriorates.

ThisNumber of JOLTS job offersis against data for 6 monthsConference Board Consumer Confidence IndexThat's because the data is for July this month.

Conference Board Consumer Confidence IndexIt is an economic indicator that easily attracts attention because it has excellent preliminary reporting properties.

Why are stock prices bearish across the boardConference Board Consumer Confidence IndexThis is because it has become bullish.

unemployment rateIt is contradictory that consumers' desire to buy rises as it rises.

If the number of people shopping increasesunemployment rateStocks are being sold because they are expected to be reluctant to rise.

Concerns about interest rate cuts falling backis getting stronger.

It was announced at 22:00 on the same dayCase Shiller House Prices YoYThe result is 7.25% of the previous month6.81%It was.

This is data for 5 months.

Because falling housing prices will lead to an increase in home purchasesStock heightIt's a factor.

Because if interest rate cuts in the US recede, US interest rates will be higher compared to Europe and Asia where employment has deterioratedStrong dollar and long-term bondsThere is a possibility that it will be easier to buy.

ThisHousing stocksYaBanks and financial stocksIt's a tailwind.