The Big Picture: Jobs Report Eases Rate Hike Fears; Earnings Bar Remains High

By Schwab Network

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Joe Mazzola from @CharlesSchwab discusses the market’s positive reaction to the July jobs report, as weaker hiring and wage growth reduce the likelihood of a September Fed rate hike. He says the data helps the inflation outlook but also raises some concerns about the broader economy. Mazzola also highlights a strong earnings season and improving forward guidance, while noting that beats are receiving smaller rewards and misses are being punished severely. He also breaks down options positioning in the S&P 500 and Nasdaq-100, where dealer positioning could continue to limit volatility unless key technical levels break. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watc