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TXPR closed at 660.93, up 0.99% on the day. Volume today was 1.43-million, near the median of the past 21 trading days.

CPD closed at 13.13, up 0.92% on the day. Volume was 150,770, well above the median of the past 21 trading days.

ZPR closed at 11.00 up 1.66% on the day. Volume of 155,290 was near the median of the past 21 trading days.

Five-year Canada yields were up to 2.999% today. And I’m giving three decimal places today because people will be angry if I round it off!

The US jobs number was pretty good:

The unemployment rate was 3.6 percent for the third straight month, near a half-century low. Average hourly earnings for employees rose by 10 cents, or 0.3 percent on a monthly basis, and were 5.2 percent higher than a year earlier.
…
It appears that fewer Americans will be able to fully share in a continued expansion, however. There are growing signals that lower-income families, which have been hit the hardest by price increases and used up much of their pandemic-era savings, are beginning to pull back on discretionary purchases. The cost of groceries is an intensifying headache, and energy prices, which are roughly 30 percent higher than a year ago, are forcing people to make difficult decisions about what goods and services to cut back on to prevent further erosion of their budgets.

Inflation has already made a striking impact: Personal savings as a percentage of personal disposable income fell to 4.4 percent in April, the Commerce Department reported last week. It was the lowest rate since 2008, and far from the anomalous high of 33 percent in April 2020 at the height of federal aid.

This entry was posted on Friday, June 3rd, 2022 at 8:12 pm and is filed under Market Action. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.