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Markets remain strong amid potential government shutdown fears
Markets remain strong as investors anticipate jobs data while ignoring government shutdown and tariff concerns
Markets remain strong as investors anticipate jobs data while ignoring government shutdown and tariff concerns
– Major indices are near session highs, with the Dow up 382 points and resilient to shutdown concerns.
– Rising Treasury yields may challenge bullish sentiment, while upcoming economic reports will influence market direction.
This coming week, markets should brace for monthly jobs data, assuming no shutdown occurs. Previous initial claims reports have lessened after reaching 263,000 on September 11.
Technical indicators show promise following a retreat to the 20-day SMA. The end of bearish seasonality approaches, coinciding with Q3 earnings season.
Market Perspective
However, rising Treasury yields could pose a challenge for bullish sentiment. The 10-year yield has increased over the past eight trading sessions and may close at a three-week peak.
If it stays below 4.25%, it could support ongoing bullish trends. A notable risk remains the potential negative impact of the jobs report.
Upcoming economic reports include pending home sales, consumer confidence, and nonfarm payrolls, all key to market direction.
