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EDITOR'S NOTE
More than a quarter of the companies on the S&P 500 will report earnings in the week ahead, but the big story for investors could be the July jobs report on Friday, Aug. 6. One strategist said the jobs report could be a “game changer for the markets.” If it’s very strong, investors will look to the Federal Reserve to start unwinding its bond program, said Ironsides Macroeconomics’ Barry Knapp.
However, if the report is weak, that could mean the central bank’s move away from very easy policy could be delayed, he said. Two possible market outcomes could be tied to that jobs report: Will stocks trade with more volatility ahead of the Fed’s anticipated move to taper bond purchases? Or will the market spend August quietly drifting in the dog days of summer? Bond investors will continue to focus on concerns that the coronavirus delta variant could slow the economy.
THE WEEK AHEAD
YOUR WEEKEND BRIEFING
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