The Economy Lost Jobs, Wall Street Threw a Party - State Street SPDR S&P 500 ETF Trust (ARCA:SPY)
July nonfarm payrolls fell 23,000, with government hiring missing forecasts, and unemployment edged down to 4.1%. Revisions cut May and June by 103,000. CME FedWatch showed September rate hike odds at 42%. SPY rose 3.5% and QQQ 4.8% for the week; gold gained 2.4% Friday. Next catalysts include Aug. 12 CPI and earnings from PLTR, ZBRA, AMAT.



