Market Musings 1/8/2025
Quick thoughts on the markets and major portfolio news. Not on Ursa yet? Download Ursa from the App Store!
Is the job market improving? That’s the question for investors this week.
If you remember last month, we got a strong bounce back in the November jobs report－alleviating a lot of market concerns that the #LaborMarkets were sliding. This week is another jobs week with the December report coming on Friday.
So far, we got some initial #LaborMarkets data that was a bit mixed. Job openings grew to 8.1M in December－well-above expectations for a decline. However, private jobs declined more than expected.
This is setting up investors for an anxious market holiday on Thursday with the December jobs report incoming Friday.
Markets are expecting that 155K new jobs were added in December – down from November, but still solid growth from the more normalized last 2 month average.
Now, ever since the Fed lowered #RateCuts expectations, market sentiment on the #LaborMarkets have shifted as well.
A strong jobs report could continue to slow #RateCuts while weak report could reaccelerate the plan. However, if the report is too weak, it could also jeopardize the #Goldilocks soft economic landing that been priced into the market.
Either way, expect a lot of volatility when the market reopens on Friday.
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The statements, opinions and analyses presented here are provided as general information. This article is the opinion of the author. Anything within this article should NOT be considered an investment recommendation or advice. See Ursa’s full disclosures here.
Original Photo by Pixabay.