2 Question Tuesday – 02/07/2023 – How Will Jobs Report Impact Rate Hikes & What Do Tech Earnings Mean For The Market?
Welcome to 2 Question Tuesday. This week’s client submitted questions were:
- How Will Jobs Report Impact Rate Hikes?
- What Do Tech Earnings Mean For The Market?
Last week, the January jobs report showed an increase of 517,000 jobs sending the unemployment rate down to 3.4%, its lowest rate since 1969. Phil, Mike, and Larry discuss what this means for the Federal Reserve’s schedule of rate hikes and what it means for the stock and bond markets. They then discuss what poor earnings from the tech sector — Amazon and Google posted ho-hum earnings and Apple posted its worst quarter since 2016 — means for the economy and the stock market?
Submit your questions to question@2questiontuesday.com
As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.