That sure looks like a bearish outside reversal on the U.S. dollar Index. Tell me if I've got it wrong. That's bullish for gold, bullish for most commodities, because they are priced in dollars. #CoSoFinance

More on jobs. Thanks, Joe Biden. #CoSoFinance

I always follow Dark Tower fans like .@kenc313

Liz Young of SoFi reports: Massive drop-off in ISM Services PMI for Dec, coming in at 49.6 vs 55.0 est. First contractionary print since May 2020 (50=neutral), with slowdowns in nearly every underlying component. This is what could change jobs data in coming mos, as services have been holding it up. #CoSoFinance

Jared Dillan at @dailydirtnap has an excellent article written by one of his subscribers on the failure to launch of #cannabis stocks. I suggest you go read the whole thing. Here's an excerpt. #CoSoFinance

Are you sick of jobs news? I have one more for you. Nominal average hourly earnings growth ticked down to 0.3 percent in December, following growth of 0.4 percent in November. This is why Wall Street is rallying. The white shoe crowd believes slowing wage growth takes pressure off the Federal Reserve to do more rate hikes. #CoSoFinance

Ah, Bloomberg just explained why the market is rallying on this strong jobs news. Wage growth was soft. Wall Street always cheers when the poors get the short end of the stick. #CoSoFinance

Here's an employment chart I gleefully pickpocketed from Steve Rattner. Covid hammered the jobs market. But what a recovery! It took just 19 months to match total Feb. 2020 employment. When you see your Republican friends today, show them this chart and say, "thanks, Joe Biden!". #CoSoFinance

And yes, this makes me happy I recommended two sets of gold miner call options in Resource Trader this week. #CoSoFinance

2022 Was 2nd Strongest Year for Jobs Growth (after 2021) since 1946
I guess the market was expecting even more "hawkish" news after the jobless claims yesterday. In any case, markets are up. Gold is up. Dollar is down. Wall Street, Wall Street, it's a wonderful town.
The U.S. added 223k jobs in December, a slight decrease from November’s growth but still higher than expected.
So, 2022 saw an avg. of 377k jobs added per month, the 2nd strongest year (after 2021) since 1946.#CoSoFinance

A reader alerted me to #cannabis company Chalice Brands in Oregon not paying what it owes to small farmers. I'm vaguely aware of it. Not a big deal for me because I've never recommended CHALF. Here's a link, though. #CoSoFinance https://www.wweek.com/news/2023/01/04/small-oregon-cannabis-businesses-say-publicly-traded-weed-giant-chalice-owes-them-tens-of-thousands-of-dollars/ #Cannabis

Auto loan payments are becoming the new mortgage. The percentage of US consumers paying at least $1,000 a month for their cars accounted for almost 16% of consumers who financed a new car in Q4, up from 10.5% a year earlier. #CoSoFinance Source is http://Edmunds.com, but the story is on Bloomberg. https://www.bloomberg.com/news/articles/2023-01-05/car-owners-strain-as-more-loan-payments-soar-to-1-000-a-month