Look, in today’s market we saw some interesting moves. Fair Isaac’s stock crashed for no good reason today, and some people are saying it’s because of valuation concerns. That said, the stock had already run up a lot, so there could also be some profit-taking. Overall, the market slipped a bit and then bounced back. Snowflake, Dell, and Tesla were all on watch. Right now, the weekly review is waiting on the Jobs Report — that’s the big number. The biggest story is diesel prices: they’ve hit an all-time high. That’s going to directly hit transportation costs, meaning everything will get more expensive. Ahead of the midterms, that’s not a good sign for the economy. And yes, US nonfarm payrolls were solid in August, with unemployment steady at 4.1%. That means the pressure on the Fed to cut rates could ease a bit. But diesel’s record high is worrying everyone, because it will raise delivery costs for every product. Inflation could start rising again. What do you think — will the Fed still cut rates in September, or will this strong jobs data make them hold back?

⚠️ Personal analysis, not financial advice.

#Trading #Binance #Crypto #StockMarket #FederalReserve

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Disclaimer: My personal analysis, not financial advice. DYOR.