Although the unemployment rate has fallen to 3.5 percent, new data on job openings shows a drop to 17 months lows. What's more, the level of hiring and quitting is also showing a slowdown.
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| |  Good morning. Although the unemployment rate has fallen to 3.5 percent, new data on job openings shows a drop to 17 months lows. What's more, the level of hiring and quitting is also showing a slowdown.
This is typical when the job market reaches full employment, and many have argued that even a 5 percent unemployment rate is a worthy goal. But given this slowdown, which hasn't showed up on a rising rate yet, the window appears to be closing, if ever so slightly, on finding a new, higher-paying job.
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| | |  | s DOW 26,346.28 | +0.70% | | | | S&P 2,919.41 | +0.91% | | | | NASDAQ 7,903.74 | +1.02% | | | | | *As of market close | | | • | Stocks rallied yesterday, on renewed optimism on the hopes of a "partial" trade deal with China. | | | • | Oil traded flat, around $52.65 per barrel. | | | • | Gold rose 0.5 percent, to $1,512 per ounce. | | | • | Cryptocurrencies popped higher, with Bitcoin rallying over 5 percent to $8,600. | | | |
| | | The Beginner's Guide to the Stock Market | | | | Getting started with investing can be a daunting task. But like riding a bicycle or just about any other endeavor, you simply need to start small and build up your skills and experience from there.
Some might just jump in without getting started—others need to have guidance every step of the way. Every beginner has different comfort levels, but there are a few key things you need to know before you start putting your money to work.
» FULL STORY | | | | |
| | Insider Activity: Cannae Holdings (CNNE) | | | | Richard Massey, a director at Cannae Holdings (CNNE), picked up 10,000 shares recently, shelling out just over $275,000 to do so. The buy increased his holdings by nearly 5 percent, to just under 214,000 shares.
This is his third buy of shares this year, and other insiders have been buyers at the firm, including the CFO last month. In the past two years, insiders have been steady buyers, with no sellers. Insiders own over 7 percent of shares.
» FULL STORY | | | | |
| | Unusual Options Activity: Deutsche Bank (DB) | | | | The April 2020 $6 put options on Deutsche Bank (DB) saw over 5,600 contracts trade, an 11-fold increase over the prior open interest of 526. With 190 days until expiration, the trade will move in-the-money if shares fall just $0.90 from their current price of $6.90, or about 15 percent.
With shares trading as high as $11.50 in the past year, shares have been nearly halved, and this option trade is a bet on a further drop in shares.
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| | | | TOP | | | HES | 3.59% | | | | KEYS | 3.489% | | | | EW | 3.11% | | | | AMAT | 3.103% | | | | AAL | 3.066% | | | | BOTTOM | | | LB | 2.938% | | | | JNJ | 1.987% | | | | COG | 1.979% | | | | EVRG | 1.861% | | | | XEC | 1.411% | | | |
| | |  | | ...we have full employment in the U.S. — 3.5% unemployment it's the lowest since 1969 — that's pretty amazing. This shortage of labor is starting to create higher wages for workers …. (and) what people are doing with that money is they're spending it. So, we have 70% of the economy that is quite robust. The only thing, I think, that's going to disturb that is some kind of geopolitical problem | - Steve Schwarzman, the co-founder, chairman and CEO of Blackstone Group, on the unlikelihood of a recession given wage growth and strong consumer spending  | |
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