On October 1 in the Eastern Time of the United States, Federal Reserve Vice Chair Philip Jefferson said that the period of inflation staying too high has gone on for too long, and there is a risk that inflation will remain elevated for a sustained period. However, he also said that he and his colleagues are weighing a range of economic shocks, need to carefully assess the data to be released in the future, and then decide on the next steps.
The U.S. nonfarm payrolls employment report will be released tonight at 20:30
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If geopolitical tensions ease at the margin, it will help relieve upward pressure on oil prices, reduce the market risk premium, and create better room for U.S. equities to rebound. On the allocation side, we can focus on sectors with stronger earnings certainty, such as technology, energy, and financials.
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