WS #13619
July nonfarm payrolls fell 23K vs +85K expected, with 103K downward revisions, crushing September Fed hike odds and fueling a risk-on rally with record S&P 500 and surging gold. Palantir (PLTR) up 38% this week in software snapback; Micron (MU) gapping above $900 with potential to reach $1000; these are individual stock moves rather than a broad tech rally.
Labor Market Shock and Fed Pause
July nonfarm payrolls fell 23K vs +85K expected, with 103K downward revisions, crushing September Fed hike odds and fueling a risk-on rally with record S&P 500 and surging gold.
Palantir (PLTR) up 38% this week in software snapback; Micron (MU) gapping above $900 with potential to reach $1000; these are individual stock moves rather than a broad tech rally.