The job market showed us results and helped us end the week in growth. 🚀
So friends, for once, good news too. The latest employment data is back in the US and it is slowly painting the picture all investors want to see and that is that the job market is cooling and so for the Fed this may mean no more hikes.
Only 150,000 jobs were added in October, falling short of expectations... Read more
Great news for the job market! 🙌 It's interesting to see how this impacts the Fed's decisions on rate hikes. The recent job growth moderation might indeed influence their stance. While the market is responding positively, I agree that some corrections could be on the horizon.
US GDP grew at an annual rate of 4.9% in the third quarter, better than expected.
The U.S. economy notched a remarkable achievement in the third quarter this year, with growth exceeding the expectations of many economists and analysts. Gross domestic product (GDP), a measure of all goods and services produced in the U.S., grew faster than many had expected. This development... Read more
That's pretty positive news for the US, theoretically it could have a positive impact on the market as well, but after what Google has dropped in the last 5 days...it's hard to say
Have a nice ending Sunday and a successful start to another week full of results. 🍀💰
News from Saturday, 10/14/23 that jumped out at me and again around the Fed.
As we know, the Fed is scheduled to meet on 10/31-1/11. Originally it looked pretty realistic that another interest rate hike was coming. In the end, according to Bloomberg, the Fed is going to extend the pause. So now... Read more
Analysts at Evercore ISI raised their target for the S&P 500 $^GSPC index to 4450 from the previous 4150. According to them, continued AI-driven momentum could push the index to 4450 by July 4.
Great news for the job market! 🙌 It's interesting to see how this impacts the Fed's decisions on rate hikes. The recent job growth moderation might indeed influence their stance. While the market is responding positively, I agree that some corrections could be on the horizon.
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