Expect General Digestion of Last Week’s Rally: Tom Essaye Quoted in Barron’s
Stock Futures Slip as Investors Look Ahead to Jobs Report
“It’d take a major beat or miss to move markets, so we should expect continued general digestion of last week’s rally,” said Tom Essaye, founder of Sevens Report Research.
Investors will want to see signs that the economy is no longer running hot—inflation and growth moderating sufficiently to support the lowering of borrowing costs.
But markets also don’t want to see signs of undue weakness, which could suggest that the economy is slowing to a worrying degree.
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