What Will Move Markets Now?

▤ Summary

Last week, markets swung wildly on economic news, as investors tried to interpret signals from the Fed about inflation and interest rates. Its decline erased more than $230 billion from its market cap, the biggest one-day loss, in dollar terms, in history. This morning, the government will report how many jobs employers added in January, and like all of the other signals of late, it’s going to be messy. • None The unemployment rate could fall even if hiring slowed, because the spike in Covid cases may have led some to suspend job searches. Employers release holiday workers, and the ebb and flow of the pandemic is likely to mess with normal seasonal adjustments.

▦ Linked Companies