Spreading shutdowns following the spreading virus caused employment gains to take a pause. While normally 245,000 jobs in November would be something to cheer about, expectations were for 460,000 jobs making today’s data a disappointment. Next month we could have job losses as shutdowns and growing fatalities continue to take its toll on the country. The duress is compounded by the lack of action by Congress last month. At least the dimming outlook for employment should spur Congress to finally pass what, hopefully, will be the last major Covid related stimulus bill. The distribution of multiple vaccines will happen soon and it is only a matter of months before people around the globe will begin to feel safer about going out and being together again. Even if only 25% of the population is vaccinated, economic activity will see a significant improvement and continue to accelerate from there. Investors may see today’s data as “the glass is half empty” and fear the economy has stalled and even reversing its recent gains or that the glass is half full and the weakened labor market is just the fire needed to cement a compromise on a stimulus bill to get the economy over the hump until vaccines are approved and distributed. As for us, we recall Buffett’s advice to “Be brave when others are afraid.”
Market Insights
Employment Stalls
Bryce Doty
Bond Market Expert
Bryce Doty
Bond Market Expert
Related Funds

The Investment in Maritime Hydrogen Is Gaining Momentum
Developing zero-emission maritime shipping solutions has become a hot topic because it could decarbonize a critical global supply chain input. Maritime transport is the...
Read more
Shipping Alliance Says NO To Fossil Fuel-Powered Fleets By 2040
ETFMG Breakwave Sea Decarbonization Tech ETF (BSEA) provides investor access to a diversified set of global companies that develop technologies, manufacture equipment or provide services...
Read more
Silver: Investors Ignoring the Supply-Demand Imbalance?
Silver and silver mining stocks have not been spared by the looming macro headwinds that have weighed on equity and fixed-income markets. Higher rates...
Read more
The Offshore Wind Boom
ETFMG Breakwave Sea Decarbonization Tech ETF (BSEA) provides investor access to a diversified set of global companies that develop technologies, manufacture equipment or provide services...
Read more
Attractive Opportunity in Short-term Bonds
This year’s sharp rise in treasury yields creates an attractive opportunity in short-term bonds heading into 2023 as the Fed slows the pace of...
Read more
Cannabis Industry Update
United States Update: Oct 6, 2022: President Joe Biden announced pardons for thousands convicted of federal marijuana possession, urged governors to do the same...
Read more
Global Cyber Attacks: Severity, Growth, and a Call for Cybersecurity
Cybersecurity companies are the premier solution for cybersecurity threats that continue to grow in number and monetary severity. The workforce available today is not...
Read more
Here’s What to Expect this Summer in Travel & Tourism
According to Hopper’s Summer 2022 Travel Guide, more than half of Americans plan to travel for pleasure this summer, indicating that they are eager...
Read more
You Should Expect a Housing Boom this Summer: Here’s Why
We are currently in the midst of one of the strongest housing markets the country has ever seen. Home prices have appreciated by 20.6%...
Read more
Inflation Can Persist as Demand Declines
Typically, inflation stems from an overheating economy where companies are expanding rapidly to meet expected sustained growth of demand. Too many companies in the...
Read more