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S&P 500 Technical Analysis

S&P 500 Technical Analysis
The NFP report last Friday beat expectations once again on the headline number raising the record streak to 14. The details of the report weren’t that great though. The unemployment rate jumped from 3.4% to 3.7%, which makes it the biggest M/M increase since the pandemic. The average workweek hours worked ticked lower (employers generally lower the hours before laying off people). All in all, there was something for everyone there. The US ISM Services PMI came out much lower than expected at 50... Read More
Posted: Jun 8 2023, 07:18
Author Name: forexlive
Views: 102363

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