Equities Surge as U.S. Jobs Increase Beats Expectations

Real Vision: Finance & Investing

Real Vision

News, Business News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 3 July 2021

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Jul02,2021: Real Vision senior editor Ash Bennington welcomes editor Jack Farley and Mark Ritchie II, CIO at RTM Capital Advisors, to discuss the June jobs report and capital markets price action. The trio covers the strong increase in U.S. jobs and its effects on underlying markets. Bennington and Farley analyze the rise in both bonds and stocks as positive employment data boost investor confidence. Ritchie provides his insight into the equity markets and the potential rotation back into tech. For our Listeners: Head to https://www.rocketlawyer.com/workconfidently to start your free 7-day trial today. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This episode is brought to you by Kraken.
0:03.0	Crypto is like finance, but different.
0:06.0	It doesn't care when you invest, trade or save.
0:09.0	Do it on weekends or at 5 a.m.
0:12.0	Or on Christmas Day at 5 a.m.
0:14.0	Crypto is finance for everyone, everywhere, all the time.
0:19.0	Visit Kraken.com slash see what crypto can be to learn more.
0:23.0	Don't invest unless you're prepared to lose all the money you invest.
0:26.0	This is a high risk investment and you should not expect to be protected if something goes wrong.
0:30.0	It's Friday, July 2nd, 2021.
0:36.0	I'm Ash Bennington. Welcome to the Real Vision Daily Briefing.
0:40.0	Today, I'm joined by our own Jack Farley and RTM Capital Advisors Mark Richie.
0:46.0	Here's what we're looking at right now.
0:48.0	The US economy added 850,000 jobs in New York.
0:53.0	It's a beat on the estimate and the best number in 10 months.
0:56.0	But the internal dynamics of those numbers of that report,
0:59.0	the employment situation report, are more complicated than they seem on the surface.
1:03.0	It's very much a mixed back. Jack, what are you looking at today?
1:07.0	Yeah, well, that jobs report you mentioned, Ash.
1:10.0	It caused a classic bullseapenner in the US Treasury.
1:14.0	It caused a bullseapenner in the US Treasury.
1:16.0	It caused a bullseapenner in the US Treasury.
	...

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