Wrap on Pointe
10-29
This is always the most question that everyone wants to know but man in the street won't have access to the latest economic data.
Payrolls Meet an AI Policy Shock — What Reprices First?
The Nasdaq plunged 5.54%, QQQ 6.49%, and the S&P 500 4.36% Thursday as investors repriced AI data-center capex and regulatory risks after Democrats won control of Congress. Friday’s payrolls report is due at 21:30 Beijing time, with consensus near 60K versus 29K prior and unemployment at 4.2%. Bulls hope softer data eases rate pressure; bears warn strong data could lift yields. What will matter most for tech: payrolls, unemployment, or wage growth?
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