TL;DR
- This weeks jobs report offered up mixed results, with new payrolls of 311,000 beating expectations, at the same time as unemployment rose and wages stayed broadly flat
- Fed Chairman Jerome Powell also made comments on Tuesday that suggest interest could go higher than initially expected, and then stay high for longer
- With small banks in trouble this week, stocks for most major banks have been hit, offering potential opportunities for investors
- Top weekly and monthly trades
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Major events that could affect your portfolio
Well, if the market was hoping for some clear direction from Friday’s Jobs Report, they may be a little disappointed. On one hand, nonfarm payrolls were up by 311,000. It’s not the blowout result from January, but it’s still a sizable margin above the 223,000 forecast from Wall Street.
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