MOTIVENCE MARKETS - AUGUST 5TH 2022

Motivence Economic Sentiment Meter: Mixed Feeling with Jobs, Feds, and Sentiment

• As we really begin to understand the jobs market and trends, data suggests Fed to continue to combat inflation via the jobs report. We now eye jobs and inflation trends keenly, leading up to the September FOMC meeting.​​

Jobs, Jobs, and More Jobs! So now, The Fed ...

• US employers added 528K jobs last month, ahead of most estimates; unemployment rate of 3.5% (lowest in the last five decades). This data is suggesting the FOMC may raise rates by 75bps in September.

Food Price Relief:

• UN index of food prices fell for a fourth month after concerns over supplies of grains.  

Pacific Pacifists? 

• China sent warships across the Taiwan Strait's dividing line (a "drill"); Beijing imposed sanctions on Nancy Pelosi​​

Monkeypox

• The Biden administration has declared the current monkeypox outbreak a public health emergency ​

As of the last market close for the S&P 500 (by Week/s trailing):

• One - 36 bps
• Two - 463 bps
• Three - 730 bps
• Four - 855 bps