Premarket: Apple is green

apple premarket green 6-4-21From the Wall Street Journal's "Stock Futures Pause Ahead of Jobs Data" posted early Friday:

U.S. stock futures took a breather Friday ahead of highly anticipated data on the pace of hiring last month that will offer insights into the health of the American labor market.

Investors said the Friday jobs report will be closely monitored because it is likely to influence any discussions inside the Federal Reserve on tapering easy-money policies in coming quarters. Fed officials have saidthe labor market is a point of focus in determining whether the economy needs further support. The jobs data is due at 8:30 a.m. ET, and economists expect hiring to have accelerated in May.

“A strong jobs report is good for more sustained inflationary pressure, because it gets us closer to a tighter labor market sooner, and that is an environment where the market will think the Fed will need to start tightening,” said Mike Bell, global market strategist at J.P. Morgan Asset Management. “Without strong jobs growth, that point is further in the future.”

My take: Adrift and becalmed.

2 Comments

  1. The article linked below describes fascinating advances at the new Robert Bosch GmbH fab in Silicon Saxony, around Dresden, Germany. The new fab employs AIoT, AI combined with Internet of Things. Infineon and Global Foundries are in Saxony too. TSM sources there. Robert Bosch and Infineon are included in the 2020 Apple Supplier List. https://p.dw.com/p/3uO1b

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    June 4, 2021
  2. AIoT allows wearables like the Apple Watch and AirPods to interact with Smart Home, Smart City and Smart Industry applications. Artificial Intelligence enables learning among connected devices. It is being integrated into new chips made by Bosch, Taiwan Semiconductor and others.

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    June 4, 2021

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