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Unpacking the Jobs Report: A Market Reaction Worth Reconsidering?
Welcome to this week’s Market Commentary with RFG Advisory’s Chief Investment Officer, Rick Wedell!
Today, Rick breaks down the market’s sharp Friday dip following a softer-than-expected jobs report. While July saw just 73,000 new jobs and downward revisions for May and June, the unemployment rate held steady at 4.2%, a level the Fed continues to view as stable. As Rick notes, the reaction may have been more about headlines than substance, with market volatility outpacing the actual shift in economic data.
He also touches on earnings season, where results have been quietly strong. Roughly 330 S&P 500 companies have reported, with net income up over 8% and revenue rising nearly 6%. Inflation remains in check for now, but the impact of rising tariffs (especially the $25 billion collected in June alone) may begin showing up in the months ahead.
Curious how these developments could affect your portfolio? Catch the full update in this week’s Market Commentary video.
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Content here is for illustrative purposes and general information only. It is not legal, tax, or individualized financial advice; nor is it a recommendation to buy, sell, or hold any specific security, or engage in any specific trading strategy. Results will vary. Past performance is no indication of future results or success. Market conditions change continuously.
Information here is provided, in part, by third-party sources. These sources are generally deemed to be reliable; however, RFG Advisory does not guarantee the accuracy of third-party sources.
The views expressed here are those of Rick Wedell and RFG Advisory, LLC management. They do not necessarily represent those of RFG Advisory’s employees or clients. This commentary should not be regarded as a description of advisory services provided by RFG Advisory, or performance returns of any client. The views reflected in the commentary are subject to change at any time without notice.
Securities offered by Registered Representatives of Private Client Services. Member FINRA / SIPC. Advisory services offered by Investment Advisory Representatives of RFG Advisory, a registered investment advisor. Private Client Services and RFG Advisory are unaffiliated entities. Advisory services are only offered to clients or prospective clients where RFG Advisory and its representatives are properly licensed or exempt from licensure. No advisory services may be rendered by RFG Advisory unless a client agreement is in place.
RFG Advisory Part 3, Form CRS, RFG Advisory Form ADV, Part 2A, Investment Advisor Public Disclosure, RFG Advisory Privacy Policy.
RFG Advisory is an SEC-registered investment adviser. SEC registration does not constitute an endorsement of RFG by the Commission, nor does it indicate that RFG or any associated investment advisory representative has attained a particular level of skill or ability.