Finimize - 🤔 Your move, Fed

Hi Reader, here's what you need to know for October 11th in 3:02 minutes.

💥 We’ve teamed up with Ledger to host the biggest-ever retail investor Crypto Summit on December 2nd-3rd. It’s a great chance for you to boost your crypto knowledge, hear from some of the industry’s best and brightest, and hang out with loads of your fellow Finimizers. Grab your free ticket

Today's big stories

The US economy added far fewer jobs than expected last month
Cheap-looking value stocks have been underperforming the market for years, but that might be about to change – Read Now
Electronics giant Samsung reported its highest profit in three years

Groundhog Day

What’s Going On Here?

Data out on Friday showed that the US added just 194,000 new jobs last month, and it’s starting to feel like we’ve been here before…

What Does This Mean?

Economists had been hoping August’s disappointing jobs report was just a hiccup, but not quite: the US added just 194,000 jobs in September, the smallest monthly uptick of the year and well below economists’ predicted 500,000 (tweet this). And while the unemployment rate fell to 4.8% versus the 5.1% economists were expecting, it was partly because fewer people were going out for jobs in the first place. Still, at least there are a couple of straws the US government can clutch at: stay-at-home parents are more likely to start looking for work now that school is back in session, and the end of unemployment benefits should push more jobseekers into the market too.

Why Should I Care?

For markets: What will the Fed do now?
The report has put the US Federal Reserve in a tricky spot: the central bank was planning to wind down its bond-buying program as soon as next month, but it may have to put that plan on hold if it doesn’t want to risk damaging a clearly less-than-stellar recovery. Stock market investors will be pleased, mind you: less bond-buying would push yields up, making stocks comparatively less attractive and sending prices down.

The bigger picture: Lift the debt ceiling and raise da roof.
There was some good news for the US late last week: the government finally agreed to increase the amount of debt it could borrow to pay off its bills. Trouble is, the $480 billion increase only provides enough cash to last until the start of December, setting the scene for yet more uncertainty in less than two months’ time.

You might also like: Why a slowdown in the US could be good for European stocks.

Copy to share story: https://www.finimize.com/wp/news/groundhog-day/

🙋 Ask a question

Analyst Take

Overlook The Most Unloved Stocks At Your Peril

What’s Going On Here?

When you invest in stocks, it makes intuitive sense to look at any that are going cheap.

But there’s one major catch: buying these so-called “value” stocks has proved a consistently losing strategy ever since the 2008 financial crisis.

Meanwhile, the most expensive stocks – “growth” stocks – have just kept beating the market.

That seems to be changing: there have finally been some signs of life in value over the past year or so, and Research Affiliates’ Vitali Kalesnik thinks the run is just getting started.

So that’s today’s Insight: why value stocks are making a comeback, and the best way to screen for any potential winners.

Read or listen to the Insight here

All features, no fuss

With Bittrex, you’ll be up and running on one of the best crypto platforms in less than 10 minutes.

We’re talking access to 100 cryptocurrencies in over 250 of the world’s most popular markets in less time than it takes to make a cup of tea.

It’s a deceptively simple process, because behind this simplicity is cutting-edge technology that supports lightning-fast trades, robust digital wallets, and industry-leading account protection.

It’s this balance of security and simplicity that’ll transform you into a crypto-confident trader.

Cup of tea at the ready: create an account in minutes today.

Get Started