The U.S. labor market is finally showing signs of cracking , but next week's inflation data will key in determining whether the Federal Reserve puts an end to its rate hike regime. The past week has seen reports showing job openings dropping , unemployment claims coming in higher than expected and layoffs outside of the technology sector. Friday's jobs report could surprise to the upside again, but many economists expect the labor market to continue to weaken in the months ahead.
Earnings ahead Next week will also feature the first big reports of the first quarter earnings season, with Delta Air Lines , JPMorgan Chase and a handful of other names set to report. After months of strategists and investors complaining that earnings estimates are too high, they've started to fall — but with a catch.
Fake markets ! Shits broke all lies
Transitory the Big Guy said. And MSM won't touch it.
$SPY $SPX flush that diluted pig 🐖