DHUnplugged #666: Yada, Yada, Yada

We have some insights from Powell’s latest speech. China – trying to talk up markets. Big week for eco data – the softer, the better. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? <br /> Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up<br /> - Powell Said - NOTHING NEW, Nothing Old, Nothing Really<br /> - Unions are next concern for inflation (wages)<br /> - Airlines weighing people<br /> - Big week for ECO - investors hoping for some weak numbers<br /> Market Update<br /> - China - Stock Market Support - Govy Trying<br /> - markets up last week 0- broke a couple week down streak<br /> - End of month - markets watching for employment data this week (Friday)<br /> - Players hitting the ask on high-flyers<br /> - ESG - not for $<br /> - Crypto Moving on court rulling SPECIAL EPISODE -666. We are asking you for your support on this devlish episode 666 - Donate exactly 66.60 - BUT  Donors that go out for the big $666 will get a copy of Too Many Eggs hardcopy - that is well worth it. Big Bounce - Fed threads the needle again<br /> - Or the algos set to just buy as Fed talks<br /> - Butting up against resistance<br /> - Looks more like oversold bounce into end of month Yields<br /> - 10-Year - drops to 4.25 from 4.45%<br /> - Plenty arguing that the latest move was a top in rates<br /> - Avg mortgage rate tops 7% Yields - Tuesday Drop<br /> - Yeilds and USd dumping after soft JOLTs report<br /> - This is a good JOLTS report from the Fed's perspective. The labor market is cooling. U.S. job openings decreased to 8.8 million (lower than consensus expectations of 9.5), the lowest since March 2021. The mismatch between labor demand (openings) & labor supply (hired) narrowed.<br /> - Growht names moving up - dragging entire market with them Unions<br /> - Pushing hard for wage hikes<br /> - Big increase for pilots and UPS drivers recently<br /> - UAW President is looking for proposals that include: (or threat of a strike) - Ford GM and Stellantis<br /> - - 46% raise<br /> ---- 32 hour work week<br /> --- Return to traditional pensions<br /> - Recen