Reported 3 months ago
Interactive Brokers' chief strategist, Steve Sosnick, discusses how the surprisingly strong September jobs report challenges the previously held narrative of a 'soft landing' for the economy. He suggests that the resilience in the labor market may lead to further scrutiny of the Federal Reserve's interest rate policies, as current market conditions appear robust despite concerns over restrictive monetary policy. Sosnick emphasizes the challenges ahead for upcoming earnings and whether the market can sustain the anticipated growth.
Source: YAHOO