Nice chart from @Megan_Leonhardt for @barronsonline. A "surprise" in the jobs report is becoming the norm.
Josh Schafer
@_JoshSchafer
✍️ @Barronsonline, 📺 @foxbusiness via @yahoofinance & @Dailyorange. I also write a weekly Substack about markets and the economy. Say 👋[email protected].
- I'm back in the host chair tonight. A lot of markets talk on tap. We'll be breaking down the swift rally to start August and where stocks go from here. 📺 7:30 p.m. ET tonight on @FoxBusinessIt was a busy (and profitable) week for stocks with notable earnings + the jobs report. Catch me on the Barron's Roundtable show Friday at 7:30 ET on @FoxBusiness discussing this with host @_JoshSchafer and fellow panelists @elizobrien and Andrew Bary. foxbusiness.com/category/barro…
- I've read notes today that say today's jobs report reaffirmed an economist's prior position of a Fed rate hike. I've also seen the data confirms a prior stance that the Fed won't cut this year. One even said it confirms the next move will be a cut. Something for everyone!
- Went to the Comedy Cellar last night A young guy was sitting in the front row w/his girlfriend and one of the comics did the whole: Where are you from? What do you do? He said “I work for Nvidia” The comic said “what is that TVs?” The AI boom might have a long way to go
