Jobs Jitters, Rate Cut Hopes

Fresh news and strategies for traders. SPY Trader episode #1359.
This week's market saw mixed performance, with the S&P 500 and Nasdaq posting gains driven by big tech, while the Dow declined. Key movers included Broadcom and Macy's surging, Lululemon tumbling, and NVDA, MSFT, and AMZN dipping on tariff warnings. The August jobs report, significantly missing expectations with only 22,000 nonfarm payrolls and a 4.3% unemployment rate, has solidified predictions for a Federal Reserve interest rate cut this month. Inflation and weakening consumer sentiment remain key concerns as investors look to the upcoming Fed meeting and CPI data.