8 Speed Bumps For Stocks Going Into Earnings

8 Speed Bumps For Stocks Going Into Earnings

Jobs report coming out on Friday The August jobs report was clearly disappointing as it showed only 235, 000 jobs were added vs. the 962, 000 and 1. 053 million in June and July, respectively. For September Trading Economics has the consensus forecast at 500, 000 vs. its own at 410, 000. The U. S. Department of Labor will release the jobs report this Friday, October 1. Debt Ceiling and government shutdown Congress is playing its latest round of chicken with raising the debt ceiling and preventing a government shutdown. There are a number of votes being scheduled this week but as usual these may slip. Hopefully, a continuing resolution will be passed to at least avoid a shutdown on October 1. It also appears that the debt ceiling will be reached in mid-October so there will probably be a lot of headlines about this until it is raised. Overall, stocks may move on these headlines but the impact should be limited, as these will need to be solved. Delta variant has caused another wave of hospitalizations and deaths The coronavirus' Delta variant has led to an increase in hospitalizations and deaths per the CDC or Center for Disease Control.