Megacap tech stocks are still “the tail wagging the dog,” said Rob Williams, chief investment strategist at Sage Advisory. “You’re seeing some broadening, but it’s still such a massive component right now.”
Meanwhile, the jobs report released Friday showed the U.S. economy added just 12,000 jobs in October, far below the Dow Jones estimate of 100,000. This marked the weakest level of jobs creation since December 2020. The unemployment rate held at 4.1%, in line with estimates
Bitcoin falls below $70,000 to start November
Stay On Top Of The Market – Subscribe To Our Daily Free Newsletter Now:
bit.ly/AlgoNewsletter
#Investing #ThematicInvesting #AI #FreeNewsletter
AlgoTrader 