⚡ᴠᴏʟᴀᴛɪʟɪᴛʏ ᴀʜᴇᴀᴅ: ᴊᴏʙꜱ, ᴄᴏᴜʀᴛꜱ, ᴀɴᴅ ꜱᴛɪᴍᴜʟᴜꜱ
The next few hours are set up for heightened volatility 🥶
Key catalysts today:
🔹U.S. jobs report at 8:30 AM ET
🔹Supreme Court ruling on tariffs at 10:00 AM ET
The macro trade-offs are uncomfortable:
🔹Higher unemployment fuels recession concerns
🔹Lower unemployment likely pushes out expectations for rate cuts
There's no clear "good" outcome for markets.
Adding another layer, Trump has ordered $200B in mortgage-backed security purchases:
🔹A QE-like effort aimed at easing mortgage rates
🔹Clear stimulus signals, especially notable
in midterm election year
All signs point to a headline-driven Friday, with markets highly sensitive to every new data point and decision.
