Let's see if the jobs report will move the market tomorrow, reaction probably won't be too big I assume unless we see some shockingly weak/strong number especially for wages
The Russell 2000 is killing it today. They've got the most room to make up, of the major indices. DIS starting the new month with...a new low.
Homebuilders got hammered today, they are very sensitive to the bond yields We get some PMI numbers tomorrow and it could impact bonds yields and the dollar a little bit. PMIs have been weak for China and Europe so if the numbers are strong for the US tomorrow then maybe we see some more upsides for the dollar and yields again.
Oil prices' highest levels in over a year and fresh data showing China's economy is still struggling to recover.
ISM was pretty strong and it sparked the rate hike fears again, have to say the US economy has been very resilient after all of these rate hikes when a lot of countries globally are slowing down Oil at high $80s again, might see some inflationary pressures coming back.
Tipflation: Americans Think Tipping Culture Is ‘Out Of Control’ And Workers Should Be Paid More (forbes.com) I don't drink coffee all that often but recently I ordered from the Starbucks APP and it asked me to tip when their employees just pour coffee into a cup and I pick it up myself on the table I always tip at the full service restaurants but I don't like feeling pressure to tip at the fast food places
China bans govt officials from using Apple iPhones, other foreign brands for work - BusinessToday OK I was curious on why AAPL was down so much today, I guess that was the news
Yeah there will be a big recession/Depression, and banks will go under. Remember SIVB and SBNY earlier this year? Just the tip of the iceberg. I still think the market will go higher first, though. Dummies should have claimed the iPhone was Chinese. So desperate to make a show of defiance to America.
AAPL down -3%, yet the Dow Jones is up. Usually the more stable companies in the Dow can't overcome a big loss from AAPL...but health care is big green today. LLY (not a Dow stock, but still not a tech stock) is a monster, that weight loss pill is working wonders, for the percentage of the population that successfully responds to it. Look at its P/E and P/S ratios.
RH down after earnings and their customers are mostly people with high incomes, even rich people are affected by inflation I guess
They've already benefited, the government is backing them to be the supplier once TSM gets taken over by China
Much attention is focused on key inflation data due later in the week, with the consumer price index expected Wednesday and the producer price index slated for Thursday. The European Central Bank is also set to announce its latest interest rate decision Thursday.
