WS #13612
July payrolls decline of 23K and downward revisions cut September Fed hike odds to ~44%, driving risk-on rally. Alphabet raises $25B in bonds to fund AI build-out, largest AI-related debt deal, with $115B demand. BofA Bull & Bear Indicator at 9.7, highest since 2021, recommending retreat from risk assets.
Jobs report and Fed expectations
July payrolls decline of 23K and downward revisions cut September Fed hike odds to ~44%, driving risk-on rally.
Alphabet raises $25B in bonds to fund AI build-out, largest AI-related debt deal, with $115B demand.
BofA Bull & Bear Indicator at 9.7, highest since 2021, recommending retreat from risk assets.