The Week Ahead: Jobs Report, Fed Rate Hike Fears, and Big Earnings on Deck

TLDR

• The August jobs report drops Friday and could influence whether the Fed hikes rates in September
• Fed Chair Kevin Warsh’s speech pushed market odds of a September rate hike to 60%
• Dell, Broadcom, and Hewlett Packard Enterprise report quarterly results this week
• Tim Cook officially hands the Apple CEO role to John Ternus this week
• Lululemon, Five Below, and Victoria’s Secret are among consumer companies reporting earnings

The week ahead is packed with market-moving events, from a key jobs report to major earnings and a leadership change at Apple.

Stocks enter the week roughly 1% off record highs. Markets got a lift last week from Nvidia’s strong quarterly results and an increase in oil flows through the Strait of Hormuz, now at around two-thirds of pre-war levels according to Goldman Sachs.

The Federal Reserve is at the center of investor attention. Fed Chair Kevin Warsh spoke at Jackson Hole on Friday and, while he avoided giving direct forward guidance, his comments were read as hawkish by markets.

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