Bulls
at
this
point
might
have
a
hard
time
imagining
if
there’s
anything
at
all
that
might
shake
up
the
poor
action.
It
could
get
exciting
when
the
U.S.
returns
from
the
Labor
Day
holiday
next
week,
however,
as
a
new
wave
of
economic
reports
might
alter
the
macro
picture.
Headlining
the
data
next
week
will
be
the
Friday
Sept.
6
Nonfarm
Payrolls
Report
for
August.
The
July
jobs
report
was
a
weak
one
and
likely
was
the
final
straw
forcing
the
Fed’s
hand
in
promising
a
September
rate
cut.
Currently,
however,
market
expectations
are
for
only
a
meek
25
basis
point
cut
in
mid-September.
A
second
consecutive
weak
jobs
print,
though,
might
have
investors
quickly
pricing
in
a
50
basis
point
move
by
the
central
bank,
delivering
a
strong
positive
jolt
to
risk
markets,
bitcoin
among
them.
