Labor Market May Be More Important Than Inflation Outlook

Treasury yields whipsawed following the release of today’s economic data, notes Collin Martin. He and Joe Mazzola give a recap of the markets and talk about what we learned from ISM services data. Martin mentions that the labor market may be more important than the inflation outlook when it comes to the Fed policy, and they expect treasury market volatility to continue. Mazzola highlights that the S&P 500 breadth is topping, while shorter-term is falling. They then go over when the Fed could start cutting rates. Tune in to find out more about the stock market today.