US Markets Wrap: Nov private payrolls fall; Fed rate cut expectation elevated
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US Markets Wrap: Nov private payrolls fall; Fed rate cut expectation elevated
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José Torres, Senior Economist, Interactive Brokers, analyses the unexpected fall in private payrolls numbers for November and the consequential impacts for risk assets and Fed rate cuts; the factors driving the divergence between small-business job cuts and hiring at mid-size and large firms; whether there's any weight to Big Short investor Michael Burry's comments about the AI market bubble unwinding within the next two years; and how investors should position themselves in the current environment.
Produced & Presented by Emaad Akhtar
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