Latest / Market Pulse by Orestes Capital
August 7, 2026 - America Loses Jobs. Stocks Hit Records.
Wall Street just delivered one of the clearest examples yet of the market’s bad-news-is-good-news dynamic.
The U.S. economy unexpectedly lost jobs in July, prior payroll gains were revised sharply lower, and signs of labor-market deterioration are becoming harder to dismiss. Yet instead of selling off, stocks surged—with the S&P 500 closing at a record and the Nasdaq leading the move higher.
Why? Weak employment data immediately changed the Fed calculus. Treasury yields fell as traders backed away from expectations for another near-term rate hike, giving technology and other rate-sensitive…
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