Technology is outperforming blue chips premarket Thursday morning, but action is largely random.
Semiconductor and energy stocks, meanwhile, are underperforming, while the market awaits Friday’s latest jobs data and the impact on interest rates.
Dollar General reported positive earnings, while Lulu, Broadcom, and DocuSign are among the companies reporting earnings later today.
The market is expected to continue consolidating and wait for the employment report before making significant moves. We want to see a tighter job market, which would mean less inflationary pressure and what the Federal Reserve is doing is working.
It wouldn’t mean the Fed will start lowering rates soon, but it would be a good sign.
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
In today’s all-new briefing…
I’ll discuss how to navigate the current choppiness… if bonds will continue trading higher… an update on Friday’s employment report… key levels on the SPY… which sectors are moving fast… an update on Japan and interest rates… preview a few earnings today.
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