Interesting comment from Lisa Cook/Earnings comments from CCL, FDX/CPI upside in Australia, jump in yields

Following the comments from Mary Daly and her lean toward a rate cut by citing the labor market and Michelle Bowman sounding more hawkish on the other side, Governor Lisa Cook has an easing bias too but the timing of when to reflect that will depend on the data she said. What I found most interesting though in her speech yesterday was this, and something I've heard before but apparently gaining some more credence. "With more workers entering the economy, the monthly job gains needed to keep the unemployment rate steady likely has risen from just under 100,000 to nearly 200,000." 

Soon after seeing the downward revision from Pool Corp, highlighting again the spending shift away from stuff like pools, whether because people put in a bunch of them during Covid and/or now it involves a much higher interest rate to borrow money to pay for it for those not paying cash, we were reminded where many are prioritizing their spend. That is on travel, leisure and as I said Monday with the Sphere, on experiential things, as we all know. 

Carnival said this on their earnings call: