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On the SPOT™ blog (04/10/2023) [C..]

Markets seem to be in an assimilating mode as investors weigh all the data since Friday (as market was closed in observance of Good Friday). The jobs report was mostly inline with expectations (number were slightly below the estimates) and the unemployment rate actually dipped. This should give the Feds room for maneuvering the economy as employment market still seems strong. This raises speculation on Feds continuing to raise rates. There were also geopolitical tensions over the weekend (Taiwan, Middle East) and a general expectation of slow recession exists (remains to be seen if there actually will be a recession). These might be the reasons why all three major US indices are in the red this morning (PST).

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