All eyes will be on the jobs data this week, as there are several reports that could paint a broader picture of the health of the labor market in the 0 week’s July PCE inflation report did little to shake September rate-cut expectations, as data came in line with expectations, a small increase from previous months. Additionally, the second GDP growth estimate indicated that the economy expanded at a 3.3%, above the initial estimate of 3% 1 Trump declared on Sunday that “prices are way down in the USA with virtually no inflation,” but consumers are likely to 2 the same time, the Kobeissi Letter reported that “US cost of living is getting worse,” highlighting that consumers are taking on increasingly risky 3 Events September 1 to 5 TradFi markets are closed in the United States on Monday for Labor Day, which is fitting as the rest of the week will be dominated by labor market 4 August ISM Manufacturing Purchasing Manager’s Index (PMI) is due on Tuesday, offering insight into business conditions in the manufacturing 5 are considered reliable leading indicators for assessing the state of the US 6 and Thursday will see July JOLTS jobs data, August ADP non-farm employment data, and initial jobless claims data, all shedding more light on the state of the labor 7 reports are important economic indicators, as the change in the number of positions is strongly associated with the overall health of the 8 August ISM Services PMI report is due on Thursday, reflecting business conditions in the services sector, which is a major contributor to 9 August jobs report will be released to end the week on Friday, rounding off a heavy week for labor 10 Events This Week: 11 Markets Closed, Labor Day – Monday 12 ISM Manufacturing PMI data – Tuesday 13 JOLTS Jobs data – Wednesday 14 ADP Nonfarm Employment data – Thursday 15 Jobless Claims data – Thursday 16 Jobs Report – Friday It’s… — The Kobeissi Letter (@KobeissiLetter) August 31, 2025 Earnings season came to an end last week, with Nvidia selling off on 17 Market Outlook Crypto markets are seeing red again, a typical Monday morning pattern in recent weeks, as total capitalization drops by almost 2% to $3.80 18 has been leading losses, falling to its lowest level since early July, below $107,500 during Asian trading on Monday 19 asset is now at its deepest correction point, at more than 13% down from its mid-August 20 has declined a similar amount and has fallen below $4,400, but remains within its three-week range-bound 21 were a sea of red with larger losses for XRP, Solana, Dogecoin, Cardano, Chainlink, and Sui as altseason hopes are dashed again.
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