WS #13610
July payrolls fell 23K vs +80K expected, with downward revisions, cutting September Fed hike odds and fueling a risk-on rally in equities and gold. SpaceX/Tesla's $16.8B Terafab chip plant announcement and strong AI-driven earnings (AMAT, LRCX, ONTO) reinforce the AI infrastructure buildout, with equipment makers as key beneficiaries. Meta (META) hit with a $567M fine in New Mexico over child safety, adding to regulatory overhang. Michael Burry disclosed short positions in Oracle (ORCL) and Nebius (NBIS), a contrarian signal against AI momentum.
US Jobs Report & Fed Rate Path
July payrolls fell 23K vs +80K expected, with downward revisions, cutting September Fed hike odds and fueling a risk-on rally in equities and gold.
SpaceX/Tesla's $16.8B Terafab chip plant announcement and strong AI-driven earnings (AMAT, LRCX, ONTO) reinforce the AI infrastructure buildout, with equipment makers as key beneficiaries.
Meta (META) hit with a $567M fine in New Mexico over child safety, adding to regulatory overhang.
Michael Burry disclosed short positions in Oracle (ORCL) and Nebius (NBIS), a contrarian signal against AI momentum.