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Michael Reinking, Senior Market Strategist for the NYSE, recaps a choppy week driven by tariff uncertainty, tech earnings misses, and focus on the upcoming jobs report. He notes August ended strong for small and mid-caps, but September’s seasonal weakness and rising global yields remain risks. Labor data showed slower hiring and AI-linked layoffs, though productivity gains offered a bright spot. Reinking flags the jobs report, expected Fed rate cuts, and inflation data as key drivers ahead.
By Intercontinental Exchange4.8
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Michael Reinking, Senior Market Strategist for the NYSE, recaps a choppy week driven by tariff uncertainty, tech earnings misses, and focus on the upcoming jobs report. He notes August ended strong for small and mid-caps, but September’s seasonal weakness and rising global yields remain risks. Labor data showed slower hiring and AI-linked layoffs, though productivity gains offered a bright spot. Reinking flags the jobs report, expected Fed rate cuts, and inflation data as key drivers ahead.

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