5 ETFs To Monitor When September Jobs Data Is Revealed On Friday
Portfolio Pulse from Piero Cingari
The Bureau of Labor Statistics will release the September jobs report on Friday, which is expected to show a decline in non-farm payrolls from 187,000 in August to 170,000 in September. The report could influence the Federal Reserve's decision on interest rates. Five ETFs that could be impacted by the report are Invesco DB USD Index Bullish Fund (UUP), iShares 20+ Year Treasury Bond (TLT), Invesco QQQ Trust Series 1 (QQQ), Invesco Solar ETF (TAN), and VanEck Gold Miners ETF (GDX).
October 05, 2023 | 10:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
If the jobs report exceeds expectations, it could put upward pressure on Treasury yields, creating headwinds for TLT.
TLT is sensitive to Treasury yields. A strong jobs report could lead to higher Treasury yields, which would be negative for TLT.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
A softer-than-expected jobs report could benefit TAN, while a strong report could exacerbate the recent downturn in the solar sector.
The solar sector is sensitive to jobs data. A softer jobs report could be positive for TAN, while a strong report could worsen the recent downturn.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
If the jobs report fails to meet expectations, gold could benefit, potentially leading to a decline in Treasury yields and a boost for GDX.
Gold miners, represented by GDX, are sensitive to Treasury yields. A weak jobs report could lead to lower Treasury yields, which would be positive for GDX.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Technology stocks, represented by QQQ, are sensitive to Federal Reserve rate expectations. A weaker-than-expected jobs report could be beneficial for QQQ.
Technology stocks are sensitive to Federal Reserve rate expectations. A weaker jobs report could lead to lower rate expectations, which would be positive for QQQ.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
A stronger-than-expected jobs report could be bullish for UUP as it would solidify the Federal Reserve's commitment to higher interest rates.
The U.S. dollar is highly sensitive to jobs data. A stronger jobs report could lead to higher interest rates, which would be positive for UUP.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80