Weekend Reading: The Job Market Isn’t Cracking Up: The Gloom Turns To Boom In The Economy

So far all that talk about the recession. At least for a day.

Friday jobs report stronger than expected it immediately sparked more talk that the Fed will raise interest rates by 0.75 percentage point, not just 0.50 percentage point, when policymakers meet in September. As one economist said, the report “is too hot for the Fed.”

How does that reconcile with recent gloomy readings from purchasing managers? As Mark Hulbert explains, those they are a good predictor of company earnings, but not of what the stock market will do.

Plus: Was there a red flag in a surprisingly strong US jobs report, or was there?

Y: Workers are falling behind inflation with every paycheck, but that won’t reassure a Fed determined to stifle inflation.

All of this puts even more focus on next Wednesday’s inflation report. That report will not reflect this week’s drop in CL.1 crude prices,
+1.08%
at less than $90 a barrel; will have to wait another month to see how that plays out.

Also read: Why might an Arkansas city provide a bleak roadmap for America if auto depots explode?

Five key takeaways from this earnings season

More than 80% of the S&P 500 SPX,
-0.27%
companies have reported second quarter results, and turns out wall street was too worried. But inflation, the supply chain and weakening demand have continued to act as headwinds.

Watch: Inflation is affecting consumers very differently: ‘A little tale of two cities’

What happens now with the stock market?

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In case good news is bad news, the S&P 500 was initially rocked by that strong jobs report. However, by noon he had recovered most of his losses.

Going back, these analysts see a new bull market, not a bearish rebound. mobius mark would not you agree.

This chart watcher says the S&P 500 is close to challenging a crucial bear market trend line.

The ‘Mooch’ weighs on the decline of bitcoin

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Anthony Scaramucci tells MarketWatch that the worst of crypto
USDBTC,
+2.43%
the bear market has passed.

New ideas for action selectors

Photo illustration by MarketWatch/iStockphoto

Apple AAPL,
-0.24%
the enviable treasury of cash is dwindling, and that’s surprisingly good news for the stock price.

Plus: There are three reasons why health care is the best sector in the market today. These eight actions are the most worry-free.

Y: Just Do It: Buy These 3 Powerful Consumer Stocks That Business Insiders Love

Plus: Energy Stocks Have a Sustainable Future: It’s in Their Dividends

Read this too: Take a Bow, Lisa Su: AMD’s Data Center Business is a Real Rival for Intel

This Amazon deal is raising privacy fears

iRobot makes Roomba vacuum cleaners.

I robot

“Homes were their last data sanctuary,” says an investor — but what will your Roomba IRBT do,
+19.27%
now tell Amazon AMZN,
-0.85%
about your house?

A State-by-State Guide to Buying Tax-Free Back-to-School Items

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Is your state among the Offer a tax exemption?

Discuss this: Should workers have time off when a pet dies?

“We’re on the cusp” of pet bereavement leave becoming a standard benefit, says a human resources consultant.

‘We want to travel the world. Is it worth buying a house now?’

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this couple explain your wish list For retirement, what advice would you give?

Plus: How a retired couple is finding adventure working and volunteering at home and around the world

More about retirement: Do you dream of growing old in your place? This government program could be a game changer for seniors

Find happiness in these great medium cities

Madison, Wisconsin tops this list.

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As of March 2020, more than 42% of the US population has moved or considered moving. If you have been tempted by a community that will welcome you with open arms, this Livability list is for you. (By the way, many have been suggested in MarketWatch “Where should I retire?” column.)

Does trying to be healthier make you feel bad?

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This writer’s attempts to get “super healthy” usually end in disappointment. So he spoke to two of the biggest names in wellness. This is what he concluded … just in time for a glass of wine.

From EV to AV, stay on top of the massive changes coming to cars. Join Tom Fennimore, CFO of Luminar Technologies, at the Festival of the best new ideas on the money on September 21 and 22 in New York.

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