Dow 50,000 sets table for inflation data, delayed January jobs report: What to watch this week
View original at finance.yahoo.comDow 50,000 sets table for inflation data, delayed January jobs report: What to watch this week Wall Street will look to build on a dramatic Friday turnaround that saw the Dow Jones Industrial (^DJI) close above 50,000 for the first time, while a 2% daily rally in the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) indexes…
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Economists expect 70,000 nonfarm payroll jobs were created in January while the unemployment rate held steady at 4.4%
80% confidenceBitcoin's price target is $0 because it has failed as a dollar hedge, remains purely speculative, is not gaining traction as a medium of exchange, and no serious central bank will ever own it while Michael Saylor controls the float
80% confidenceSentiment in software sector is the most negative ever seen, and a vicious rally is expected
80% confidenceCLARITY Act passage would be the largest catalyst for crypto, but there is not much market-based hope it will happen soon
80% confidenceJanuary CPI expected to show prices rose 0.3% over last month and 2.5% over the prior year
80% confidenceBitcoin's post-election run-up was powered not by HODLers but by average investors using ETFs to ride momentum; when momentum faded they moved to metals, producing a logical rotation outcome
80% confidenceThursday's market decline is less about rotation than outright selling, with the number of stocks that fell sharply higher than those that rose in the S&P 500
80% confidenceThe key word for every tech release right now is CAPEX, with investor fears inflamed about whether extra AI spending will yield earnings necessary to justify current valuations
80% confidenceThe low-hire, low-fire dynamic that has dominated the labor market for much of the past year continued to generally hold in December, with layoffs remaining low and unemployment actually declining slightly. But the small pockets of strength that had been buoying the market appear to be fading quickly.
80% confidence