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Job growth increased by 151,000 in August, well again of its 91,000 average since the business cycle expansion began Jun 2009. Stock and bond futures have initially reacted positively on the report, on the assumption that the Federal Reserve will postpone rate increases in September.

S&P 500 monthly price changes for 2016. January started the year off on a sour note, -5.1%. March rallied the troops with the index gaining 6.6%. August petered out as usual -.1%; in fact, since WWII the 8th month has posted -.2% on average and has earned the penultimate position for worst performing month.

S&P 500 monthly price changes for 2016. January started the year off on a sour note, -5.1%. March rallied the troops with the index gaining 6.6%. August petered out as usual -.1%; in fact, since WWII the 8th month has posted -.2% on average and has earned the penultimate position for worst performing month.

Janet Yellen’s words painted an improving picture for the overall economy. She expressed sufficient improvement in the labor market and gradual increases in economic output. Specifically, the area she cited enthusiastically was the “solid growth in household spending.” For those of us that are interested in knowing what’s happening in our world economically speaking –

Janet Yellen’s words painted an improving picture for the overall economy. She expressed sufficient improvement in the labor market and gradual increases in economic output. Specifically, the area she cited enthusiastically was the “solid growth in household spending.” For those of us that are interested in knowing what’s happening in our world economically speaking –