The May jobs report comes as the stock market has hit record highs amid a slew of softer-than-expected economic data, increasing investor confidence that the Federal Reserve could cut interest rates as of September.
Mexican and Indian markets had some major volatility this week after the former's landslide was bigger than expected and the latter's smaller. But the same election pattern was once again observed — the "problem" is often the uncertainty.
Recent data hasn't been supporting the case for the US economy to once again surprise Wall Street to the upside in 2024.