High volatility expected Monday at 10:00 am with ISM Manufacturing PMI. Wednesday features ADP Employment at 8:15 am and ISM Services PMI at 10:00 am. The week culminates Friday at 8:30 am with critical Nonfarm Payrolls and Average Hourly Earnings. With the Fed monitoring cooling labor markets, these prints will dictate September rate cut expectations. Watch for JOLTS on Tuesday at 10:00 am and jobless claims Thursday at 8:30 am for mid-week trend confirmation.
Monitor Friday's NFP and wage growth closely; a significant miss could solidify a 50-basis point cut narrative, boosting gold and bonds. Conversely, sticky service inflation on Wednesday may pressure tech equities. Prepare for sharp USD swings during morning releases.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.