Jobs Report, Fed Rate Hike Odds, and Big Earnings Headline a Packed Week for Markets

TLDR

• The August jobs report lands Friday and could shape whether the Fed raises rates in September
• Fed Chair Kevin Warsh’s Jackson Hole speech pushed September rate hike odds to 60%
• Dell, Broadcom, and Hewlett Packard Enterprise report earnings this week, with AI demand in focus
• Tim Cook officially hands the Apple CEO role to John Ternus this week
• Lululemon, Five Below, and Palo Alto Networks are also on the earnings calendar

The coming week brings a cluster of events that could move markets, from a closely watched jobs report to a wave of earnings and a leadership handover at Apple.

Stocks are sitting roughly 1% below record highs heading into the week. Markets got support last week from Nvidia’s strong quarterly results and an uptick in oil flows through the Strait of Hormuz, now running at around two-thirds of pre-war levels according to Goldman Sachs.

Fed Rate Hike Odds Jump After Jackson Hole

The Federal Reserve is in sharp focus after Fed Chair Kevin Warsh spoke at Jackson Hole on Friday. His comments were widely read as hawkish, though he did not give direct guidance on the Fed’s next move.

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