Analysts: Strong October Jobs Data Already ‘Stale’; AI Selloff May Matter More

Cointime reports: Analysts said the strong October nonfarm payrolls report is already looking stale, as markets expect the Federal Reserve to raise rates in December and the jobs data reinforced that view. The bigger question now is how severe the AI selloff will be and whether it triggers a deeper market slump, which would give the Fed a new variable. For now, equities appear indifferent, with S&P 500 futures little changed from pre-data levels.