We're gonna be breaking down the trends of today that'll move stocks tomorrow.So we're focusing on what you need to know to get ahead of the curve.It's official, bad news is bad news, so weaker than anticipated jobs report this morning, rattling markets, all three averages suffering steep losses.
You know, I think a lot of people had bought into Jay Pard kind of stuck this, you know, the soft landing Scott as rare and the usual as that is.Was that a theme?I don't think that really executives were bringing up recession quite yet.
Comment from Comcast is one that I think was really important showing that across the income spectrum.But you also I thought it was interesting, see some reasons for optimism, optimism, maybe a rebound in cyclicals you were highlighting.It's that uh underlying these trends of slowness that are starting to emerge in broadening consumer areas.
Um The thing that really stood out to me in that call was how quickly they can deploy it and how much that could impact mass psychology for the markets again in terms of the A I wave, maybe seeing a renewal. Remember over the last year, a lot of times when we've seen yields come down, we've seen green across the screen.And you've been talking about this, how bad news was green as good news for so long.I mean, that was like a, a major storyline for like the first half of the year.I mean, we have the Russell 2000 here, so I'll pull it up for you and we'll go two months here.We were, we had some economic slowing and it was ok. Now, the FED is definitely gonna cut in September.
But our Madison Mills asked her to put it on a scale of 1 to 10 and she said it's closer to 10 but not quite a 10.Gold set for weekly gaze on hopes of rate cuts.It's been a solid year so far for gold reaching another fresh record. Well, for most of the past year, it's been driven by central bank buying and that's mostly out of Asia.I think it's a combination of uh political uh upheaval in the world.Now there, there is uh now added to that uh growing unrest in the Middle East, that's certainly been a contributing factor.
No, I was asked that question um about uh two years ago and oddly enough, I, I settled on $2400 an ounce two years ago.It's been in an uptrend really since uh it, it bottomed in 2016, things turned around for gold in 2017 and it's been heading in an uptrend since and, you know, it's a sawtooth pattern.
Well, for that, we got the take of Claudia some herself this morning on Yahoo finance the rule and many other indicators we've had of say, recessions, like two quarters of GDP declines.Do I think that the increases in the unemployment rate and the softening in the labor market is worrisome and could we could end up in a, she didn't say three months, six months.And she's not the only one obviously judging from the market reaction today.
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