Welcome to Extreme Investor Network, where we provide you with unique insights and valuable information on the stock market, trading, and all things Wall Street.
In the latest news, the US economy added an impressive 254,000 new payrolls, surpassing market expectations and signaling a strong labor market. Unemployment dropped to 4.1%, lower than expected, while wage growth exceeded forecasts both on a year-over-year and month-over-month basis. This positive employment report has fueled optimism in the market, with investors closely watching for the next employment situation report and the upcoming Fed rate announcement.
Geopolitical tensions also remain in focus, as Iran launched a missile attack on Israel in response to the assassination of Hezbollah leader Hassan Nasrallah. The conflict has led to concerns about a potential escalation and its impact on oil prices. Analysts warn that oil prices could rise further if the situation worsens, with potential attacks on nuclear sites or oil plants.
Looking ahead, this week’s key macro drivers include the US CPI inflation report, the FOMC meeting minutes, and the RBNZ rate announcement. The FOMC meeting minutes, scheduled for Wednesday, will provide insight into the Fed’s decision-making process, particularly after the recent 50 bp rate cut. Investors are now anticipating a 25 bp cut at the upcoming meetings, aligning with projections from the September SEP.
Stay tuned to Extreme Investor Network for more updates and analysis on the stock market and trading landscape. Be sure to subscribe to our newsletter for exclusive insights and expert recommendations to help you navigate the world of investing with confidence.