Last Week's Recap 1. Weekly Market Digest: Stocks Flat, Jobs Roar Back, Yields Hit YTD Highs, Oil Surges Late summer doldrums — Major U.S. indexes traded in a narrow range for a fourth straight week: $NASDAQ(.IXIC)$ +0.4%, $Dow Jones(.DJI)$ -0.2%, $S&P 500(.SPX)$ essentially flat. No big moves since the July 30 rally. Jobs comeback — August nonfarm payrolls surged 162,000 (roughly triple consensus), a sharp turnaround from July's upwardly revised 21,000. Largest gain in five months; unemployment rate held steady at 4.1%. Rate outlook — CME FedWatch: ~58% probability of a 25bp hike at the September 16 FOMC meeti

Last Week's Recap 1. Market Digest: S&P 500 & Dow Hit Records, Jobs Slump, Earnings Crush, Oil Pulls Back Record heights — $S&P 500(.SPX)$ surged 3.6%, $Dow Jones(.DJI)$ +3.0%, both to record highs. $NASDAQ(.IXIC)$ jumped 5.2% but remained 1.5% below its June peak. Jobs slump — July payrolls fell 23,000 (vs. ~90,000 gain expected); May/June revised down by 103,000 combined. Three-month average plunged to 20,000/month, a sharp turnaround from March's 214,000. Earnings juggernaut — Q2 S&P 500 net income expected to rise 50.4%, per FactSet—the strongest growth rate since Q2 2021 and up dramatically fro

Last Week's Recap 1.Market Digest: Stocks Slip, Oil Spikes, Yields Surge, Earnings Upgraded Modestly negative — $S&P 500(.SPX)$ and $Dow Jones(.DJI)$ finished fractionally lower; $NASDAQ(.IXIC)$ dropped more than 2%. Stocks alternated gains and losses throughout the week, extending the pattern since early June. Energy shocks — Middle East escalation and shipping disruptions in the Persian Gulf and Red Sea lifted oil. U.S. crude $WTI Crude Oil - main 2609(CLmain)$ traded around $90 on Friday, up from ~$82 the prior week and $69 in early July. Yields spike — 10-year Treasury peaked at ~4.70% Thursday (highest in 1