Uncertainties in the form of recent selling pressure among technology/AI stock and the withdrawal of President Biden from the election this November have clouded the picture somewhat.
After a prolonged period of extraordinarily thin equity market leadership focused on a few mega-cap tech and related shares, the past week or two have witnessed an abrupt change in market dynamics.
Fed Chair Powell nearly declared victory in his Congressional testimony last week regarding an easing in labor market conditions and the overall inflation threat.
Crossmark's Chief Market Strategist, Victoria Fernandez, CFA, joined Yahoo Finance to share her thoughts on why the Fed is watching the labor market so closely.
