Meanwhile, crypto assets continue to decline in what has been a divergence from tech stock markets, which continue to see growth.
Last week’s economic reports painted a rosy picture of a robust economy, resilient consumer spending, and gradually cooling inflation.
This is the fuel for the Federal Reserve to ease its monetary policy, with investors looking for a rate cut this month.
Economic Events Sept. 2 to 6
This week’s economic calendar will focus on employment reports. “We expect elevated volatility and great trading conditions with a focus on August jobs data,” commented the Kobeissi Letter.
Monday is a holiday in the US but Tuesday will see August’s ISM Manufacturing PMI reports released. This data reflects business conditions in the manufacturing sector and is a measure of overall economic conditions.
Wednesday and Thursday will see Job Openings and Labor Turnover Survey (JOLTS) data, nonfarm employment data, and initial jobless claims data. These reports provide numbe
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