The stock market surged strongly on Friday after average hourly wage growth data was released early in the morning, showing a crack in one aspect of the labor market under interest rate pressure. Tech and retail sectors pushed hard from the open, pulling SPY quickly past 380 and above the small call wall at 385 before starting to hit resistance.
Not only on the stock market, investors also pushed the FED's expected long-term interest rate target from above 5.08% down to 4.94% on the free market, with rate cuts starting from Q3 this year, contrary to signals from the FED:
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Thanks Steve Looking forward to read Bài Phân Tích cuối tuần
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