U.S./Iran Conflict And AI Continue To Dominate The Market Narrative
Nasdaq-100 Falls As Investors Rotate From AI To Old Economy
“The U.S./Iran conflict and AI continue to dominate the market narrative, but tomorrow’s jobs report is still very important for markets because the strong labor market is a critical offset for the consumer amidst high inflation,” said Tom Essaye of the Sevens Report. “A ‘too tight’ labor market would risk increasing the chances of Fed rate hikes sooner than expected.”
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