HomeMarketsIndicesJobs Market Remains Strong, Next Two Earnings To Be Weaker
Jobs Market Remains Strong, Next Two Earnings To Be Weaker

As long as the labor market remains robust, this market will be fairly anchored, says Phil Streible. He discusses the takeaways from jobless claims data. He notes that the S&P 500 downside remains limited if the jobs market stays strong. He also talks about how he thinks the next two cycles of earnings will be weaker than expected, so if a company is outperforming this time, they might feel the pain next time. He also notes that the 10-year yield has risen to its highest level since 2008, while the Japanese Yen (/6J) hits its lowest levels versus the U.S. dollar (/DX) since August 1990. He then goes over how U.K. Prime Minister Liz Truss has resigned. Tune in to find out more about futures today.

Futures

20 Oct 2022

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