MARKET DAILY

Market 08/02: Jobs Report Points to Recession

Unemployment rate hits 4.3% - Market expects FED to cut 4 times this year

Key highlights:

  • July jobs below expectations, May + June revisions down

  • Unemployment rate hits 4.3% - Sahm’s Rule triggered?

  • Market expects FED to cut 4 times this year

  • Earnings reports: Apple, Amazn, Intel

  • Market: Strong sell-off amid recession fears

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