remember the fourth is in the books here
on Wall Street here's the New York
minute it's been a quiet day on world
markets with the non-farm payroll
reports going almost as unnoticed as the
Fed meeting earlier this week now if you
take a look at the underemployment rate
which has improved dramatically since
its worst points or average hourly
earnings are now growing as fast as they
have done since the great financial
crisis you can see that yes things are
improving as the Democrats would put it
but they're still pretty bad and could
have improved much faster as the
Republicans would say they don't affect
the election and they don't affect the
calculus for the next Fed rate decision
when it comes to stock markets you can
see that the footsie developed markets
index is now our only point 1 percent
for the year the S&P 500 has sold off
nine days in a row which is the first
time that's happened since 1980 the Vics
continues to spike it's now higher than
it was before the brexit referendum and
the dollar continues to sell off
obviously all concerned about the
possibility of a president Trump they
would all probably sell off a bit more
if he won and recover just a little bit
if he lost and that's the New York
minute