📉 The US recovery is a lie

This feels familiar | Samsung steps up | [TOGETHER WITH]( Hi {NAME}, 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 [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: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Groundhog Day&utm_campaign=daily-global-11-10-2021&utm_source=email) Analyst Take Overlook The Most Unloved Stocks At Your Peril [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]( SPONSORED BY BITTREX 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]( Remember, Remember [Remember, Remember] What’s Going On Here? Samsung [reported]( its highest quarterly profit in three years on Friday, and the electronics giant is never going to want to forget these memory chip shortages. What Does This Mean? The world’s in seriously short supply of memory chips right now, which has sent prices skyrocketing. That suits Samsung just fine: it’s both the world’s biggest maker of memory chips and makes most of its money from that part of its business. Mix in strong demand for its other products, and its profit came in 28% higher last quarter than the same time a year ago. But that momentum sounds like it might not last: analysts are expecting Samsung’s profits to fall this quarter. That’s partly because the dwindling WFH boom means workers are buying fewer gadgets for their home offices, and partly because rising inflation is increasingly putting shoppers off pricey electronics. That might be why Samsung’s stock barely moved after the announcement. Why Should I Care? The bigger picture: TSMC gets in the holiday spirit. TSMC – the world’s biggest contract chipmaker – is [having]( a field day too: its revenue last quarter was 20% higher than the same time last year. That’s particularly impressive considering the company’s been [focusing]( its resources on lower-priced chips for the carmaking industry, rather than more profitable ones for the tech sector. That, at a time when it’d usually be diverting more of its resources to help those companies build Christmas’s must-have gadgets. Zooming out: If it’s not chips, it’s ships. Speaking of carmakers, Tesla [said]( last week that the chip shortage was one of the biggest risks facing the company right now, and that it might get in the way of its ambitious goal to grow sales by 50% a year. But it’s not just chips threatening Tesla’s plans: a lack of cargo ships means the EV maker’s struggling to get parts delivered where they need them. You might also like: [Can Tesla hit its ambitious growth targets?]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Remember, Remember&utm_campaign=daily-global-11-10-2021&utm_source=email) 💬 Quote of the day “Zeal will do more than knowledge.” – William Hazlitt (an English essayist, drama and literary critic, painter, social commentator, and philosopher) [Tweet this]( SPONSORED BY YIELDSTREET Look beyond the stock market With stocks near record-highs, [profits]( are only getting harder to come by these days. In other words, you’d be smart to look at investments that don’t typically move in line with the stock market. [Yieldstreet]( offers a way to do just that: an [alternative investment platform]( where you can invest in real estate, art, aviation, legal finance, and more. You get to choose from their [unique suite of products]( across a range of asset classes, all with different yields, durations, and minimum investments. And since only a fraction of the billions of dollars’ worth of deals [Yieldstreet]( analyzes make it onto its platform, you won’t have to spend all day looking for [opportunities that meet your needs](. You can invest with just $500: [get started today](. [Get Started]( When you support our sponsors, you support us. Thanks for that. 🌎 Finimize Live 🚀 The Finimize Crypto Summit Drum roll, please: Finimize and Ledger are hosting the biggest-ever [Crypto Summit]( for retail investors on December 2nd- 3rd. There’ll be workshops, fireside chats, keynote speeches – the whole shebang. You won’t want to miss it. 💪 [How To Make Money From Online Businesses](: 1pm UK time, October 12th 👵 [Age Wealthily, Not Gracefully](: 5pm UK time, October 13th 🤔 [The Pros And Cons Of Alternative Investments](: 5pm UK time, October 18th 👍 [How To Trade In Good And Bad Times](: 5pm UK time, October 19th 👀 [How To Spot A Market Dud](: 6pm UK time, October 20th ⚡️ [What’s Next For EV Batteries?](: 11am UK time, October 21st 🤓 [A Smarter Way To Profit In The Short Term](: 5pm UK time, October 21st 🇰🇷 [Are Korean Stocks The Next Big Thing?](: 1pm UK time, October 22nd 🤖 [How to Assess Winning DeFi Projects](: 6pm UK time, October 28th 🚀 [Finimize & Ledger Crypto Summit 2021](: December 2nd and 3rd 🎯 On Our Radar - The day we’ve all been waiting for. [Sex toys]( are getting safety standards. - Simply the best. [Tina Turner]( just sold the rights to her back catalog. - One man’s toilet is another man’s treasure. And a [luxurious]( one has just been found. - A new treatment for depression? This [brain implant]( is a world first. - Below Deck ain’t got nothing on this. A look at the [superyacht of the future](. ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. If they sign up on your unique link, you’ll earn some sweet swag. Share your unique link: [ You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: Stokkete - Shutterstock | nevodka - Shutterstock Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails 😴 Crafted by Finimize Ltd. | Third Floor, 1 New Fetter Lane, London, EC4A 1AN, UK. All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. 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