JOLTS Opens Door to "Choppy" Trading Day, Draws Investors Back to Mag 7

When it comes to today's trading action, Charles Schwab's Kathy Jones attributes part of the "choppy" day to a rise in layoffs seen in the JOLTS report. Additionally, she talks about how the Beige Book shook the bond market as investors saw potential for "stagnant or slower growth." Joe Mazzola adds how the price action is pulling investors back toward the Mag 7. He discusses sector performance in markets and how slowing economic data attributes to the rotation.

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