"Violently Unchanged" SPX, "Break Glass if Necessary" for Gold
Portfolio Pulse from
The SPX index dipped following a stronger-than-expected December jobs report. Analyst Alex Coffey suggests that gold will become a key asset to monitor amid rising uncertainty related to potential political developments.
January 10, 2025 | 3:30 pm
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The SPX index experienced a dip after the December jobs report exceeded expectations, indicating potential volatility in the market.
The stronger-than-expected jobs report suggests economic strength, which may lead to concerns about interest rate hikes, causing the SPX to dip.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80