WS #13646
July NFP -23K vs +80K expected, with downward revisions, cut September Fed hike odds to ~42-44%, driving a broad risk-on rally with S&P 500 at record high, gold up 7%, and dollar weaker. Atlassian (TEAM) +35%, Twilio (TWLO) +24%, Natera (NTRA) +21%, Cloudflare (NET) +5.6% all surged on strong AI-driven earnings, while Shift4 (FOUR) and Akamai (AKAM) fell on guidance cuts. Tesla (TSLA) rose 2.8% despite Jefferies cutting its price target to $350, while Alphabet (GOOGL) is preparing a $20-25B bond issuance to fund AI capex. SpaceX (SPCX) stock rose ~16% on the week after reporting its first earnings as a public company, exceeding revenue and EBITDA estimates.
Dovish Fed repricing after weak jobs report
July NFP -23K vs +80K expected, with downward revisions, cut September Fed hike odds to ~42-44%, driving a broad risk-on rally with S&P 500 at record high, gold up 7%, and dollar weaker.
Atlassian (TEAM) +35%, Twilio (TWLO) +24%, Natera (NTRA) +21%, Cloudflare (NET) +5.6% all surged on strong AI-driven earnings, while Shift4 (FOUR) and Akamai (AKAM) fell on guidance cuts.
Tesla (TSLA) rose 2.8% despite Jefferies cutting its price target to $350, while Alphabet (GOOGL) is preparing a $20-25B bond issuance to fund AI capex.
SpaceX (SPCX) stock rose ~16% on the week after reporting its first earnings as a public company, exceeding revenue and EBITDA estimates.