Week of 08/28-09/01 Stock Market Continues to Rise

August is ending in a good note for the stock market with another winning week mainly driven by the jobs report for last month. The unemployment rate came in at 3.8% in August which is higher than economists expectation of 3.5%. This report alone does not paint the full picture for the Federal Reserve to make a decision on interest rates and inflation, but it makes investor more confident that the interest rate hikes may be paused. The FED is looking for weakening in job creations and demand slowdown to continue making progress the rising inflation. The decreasing job creation number indicates that we might have a soft landing rather than a steep move into a recession which many have been fearful of for over a year. On other stock market events, Dell Technologies and Lululemon Athletica reported earnings beating expectations which caused both stock prices to surge 21% and 6% respectively. August was definitely not the best month of the year, but historically September tends to be worst causing the known "September Effect". The data for the last 100 years show September averaging lower in a very consistent basis year-over-year. We have a short week ahead with the Labor Day holiday stock market closure, so enjoy your time and be ready to come back to more stock market volatility on Tuesday.