Episode Details
| Title | The Labor Market Is Cooling | Talmon Smith & Jack Farley (Driving Back from Camp Kotok) |
|---|---|
| Date | 9/5/2024 |
| Podcast | Forward Guidance ↗ |
Key Insights
Bullish:
- 🟢 $JOLTS - JOLTS data, particularly metrics beyond job openings such as quits rate, hiring rate, separations, and layoffs, is seen as a valuable and reliable indicator of labor market trends, potentially useful for economic analysis and investment decisions.
- “Joltz. Okay. Everybody hates Joltz because the response rate is low or whatever. Yeah. Sure. Well, anyway, if you just followed not necessarily job openings, which is the top line piece of data that comes out of there. But the quits rate, the hiring rate, separations, layoffs, it's basically almost perfectly told.” - Talmon (1:38:04)
- 🟢 $SPY - 🔒
- 🟢 $RETAIL - 🔒
Bearish:
- 🔻 $BANKS - 🔒
- 🔻 $LEADECON - 🔒