Payrolls mattered most for me this time.
Thursday was already a big selloff, mostly on worries about AI spending and regulation after the election.
Then payrolls came in much stronger than expected, and unemployment actually fell. That made people think a rate hike in December is more likely.
But tech still bounced on Friday, led by AMD and Intel. I think the AI fear was already priced in on Thursday.
Wage growth is still the one to watch, because that is what would keep pressure on rates. For now I am just watching if this bounce can hold.
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