As investors eagerly await tomorrow’s jobs report, I’ve been busy going through quarterly earnings reports and conference calls to form my macro opinion — independent of government data. While my review is far from complete, as it relates to the job market, I’m again observing growing signs of a tight labor market and wage pressure. Regardless of the jobs report tomorrow, my opinion of the labor market will remain dependent on what businesses are reporting, not the government.
In addition to reviewing the operating results of hundreds of small cap businesses, I noticed a few other signs (literally) of a tight labor market this morning. As I was stuck in traffic, I took a few pictures. This three mile stretch on A1A was filled with “For Sale and For Lease” signs in 2009. Today, those signs have been replaced with “Help Wanted” signs.
Voss Capital is long Nintendo, Avid and Extreme Networks despite “Software bubble”
Voss Capital's Voss Value Fund was up 19.91% for the third quarter, while the firm's Voss Value Offshore Fund was up 19.88%. Both funds are now in the green for this year after erasing the damage that was done in March. Year to date, the Voss Value Fund is up 2.41%, while the Voss Value Read More
Have a wonderful jobs report Friday! I won’t be tuning in. Instead I’ll be going through earnings reports and learning more about the economy in real time. I should have a summary, along with supporting data, in a couple weeks.
Article by Absolute Return Investing with Eric Cinnamond