The stronger-than-expected October jobs report shows that "we're pretty far" from recessionary territory on that side of the Fed's dual mandate, says Charles Schwab's Kevin Gordon. However, he continues to see inflation as the key driver behind inflation rates as crude oil prices remain elevated. Alexandra Semenova recounts Thursday's stark sell-off in the S&P 500 (SPX) and Nasdaq-100 (NDX) on investor expectations the AI buildout will slow down following the midterm elections. She attributes the move to "throwing the baby out with the bathwater."
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