What the Bad Jobs Report Means for Markets
What’s in Today’s Report:
- What the Bad Jobs Report Means for Markets
- Weekly Market Preview: Do Stagflation Fears Keep Rising?
- Weekly Economic Cheat Sheet: ISM Services the Key Report This Week (Needs to Stay Above 50)
Futures are seeing a moderate bounce following Friday’s declines and after a mostly quiet weekend of news.
On trade, there was potentially positive news over the weekend as Swiss officials implied a trade deal with the U.S. was close, which would reduce tariffs.
There were no notable economic reports overnight.
Today there are no economic reports so focus will remain on trade, and any announcement of trade deals that reduce tariffs will be a mild tailwind on the markets.
Finally, earnings season has mostly wrapped up but there are some remaining notable companies reporting including: BRK.B ($5.24), W ($0.27), ON ($0.54), TSN ($0.72), PLTR ($0.08), MELI ($12.01), AXON ($0.08).
