Stocks are higher as dip buyers’ step into the beaten-down tech sector. Markets monitor Middel East headlines and await the monthly jobs report later this week.
Stocks rebounded early, led by technology, on hopes for Middle East calm after recent strikes. A short week looms, highlighted by Thursday's June jobs report. Nike reports Tuesday.
The June nonfarm payrolls is expected on Thursday. SCFR's Kevin Gordon examines the factors in the report that may drive Fed monetary policy in his latest look at the week ahead.
The tech sector was hit with selling pressure and volatility this week, despite lower oil prices and yields, as money continues to flow towards other areas of the economy.
Though the tech-heavy Nasdaq is down 4% this week, market breadth keeps improving amid strength in other sectors. Consumer sentiment arrives today, and jobs data come next week.
Hedgeye CEO Keith McCullough joins the show to discuss his "quads" framework for navigating markets, arguing that investors should focus on the rate of change in growth and inflation as conditions shift.
Find Market Commentary content
Jobs Set to Dominate Calendar
Today's Options Market Update
Stocks Rebound Early, Awaiting Fresh Jobs Data
Looking to the Futures
June Jobs and the Fed's Reaction | Week Ahead
Weekly Trader's Outlook
As Tech Struggles, Other Sectors Pick up the Pace
Sector Views: Monthly Stock Sector Outlook
What Happens After Peak Inflation? (With Keith McCullough)