BMBL - February 2024 Jobs Report Preview: 4 Major Considerations
2024-03-05 08:30:00 ET
Summary
- Markets slightly retreated on Monday at the last moment, waiting for Fed Chair Powell's testimony this week, the jobs report Friday, and the CPI report next week.
- Watch the US Dollar, Bitcoin, and Regional Banks for potential impact on the stock market.
- Bond yields and the reaction of the bond market to the NFP report will provide clarity on interest rate expectations.
- Stock market sell-off risks post-NFP report discussed.
Markets backed off slightly on Monday. The Nasdaq ( QQQ ) lost 0.41% while the Dow Jones and S&P 500 ( SP500 ) ended nearly flat. Participants are waiting for Fed Chair Powell to testify before key House and Senate committees on March 6-7. Next Tuesday, the CPI report will re-affirm Powell’s testimony....
February 2024 Jobs Report Preview: 4 Major Considerations