July 2nd Market Overview and Employment Insights

Brian Szytel reviews July 2nd's market performance, highlighting a slight positive shift in equities with record closes for the S&P and Nasdaq despite a flat day for the DOW. He discusses bond market movements and the release of the ADP private payroll number, marking the first negative figure in over two years. Brian delves into labor market trends, noting slight increases in weekly and continuing claims, and a balanced employment situation. He addresses Fed's patient approach to rate changes, anticipates tomorrow's non-farm payroll report, and comments on the Secure Act 2.0 implications for retirement savers. The episode concludes with a Q&A session covering term premiums and lending rates by Fed officials, and holiday well-wishes to the audience.

00:00 Market Overview: July 2nd

00:32 Economic Data Insights: ADP Private Payroll

01:18 Labor Market Analysis

02:17 Federal Reserve and Interest Rates

02:58 Secure Act 2.0: Retirement Contributions

04:12 Q&A and Market Sentiment

04:25 Closing Remarks and Holiday Wishes

Links mentioned in this episode:

TheBahnsenGroup.com