• No Stopping the Rally?, The Jobs Juggle, Immunity Ruling 7/1/24

  • Jul 1 2024
  • Length: 44 mins
  • Podcast

No Stopping the Rally?, The Jobs Juggle, Immunity Ruling 7/1/24  By  cover art

No Stopping the Rally?, The Jobs Juggle, Immunity Ruling 7/1/24

  • Summary

  • Stocks are mixed on the first trading day of the second half. The major averages have posted a monthly gain in July every year for the past decade. And our strategist just hiked his year-end S&P target to, 5,700 today. He’ll tell us where he’s putting money to work. And today’s manufacturing data showing a jobs divide. S&P Global reporting the fastest increase in employment in nearly two years. While ISM saw a drop in its index. With Goldman Sachs noting potential for slight upside risk to the unemployment rate ahead of Friday’s report, is the Fed’s focus about to shift away from inflation and to jobs? We’ll discuss. Plus, the Supreme Court handing down a decision in former President Trump’s election interference case stemming from January 6th, ruling a president has immunity for all “official” acts, but there’s no immunity for “unofficial” acts. Markets taking it as a positive for his election odds, with the yield curve steepening. We’ll dig into it.

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