Watch Desk posted an update
Markets are paying less attention to the latest employment report than to other forces, including concerns about AI-led growth, says BlackRock portfolio manager Jeffrey Rosenberg.
Why it mattersSpeaking to Bloomberg, Rosenberg also pointed to overseas developments and futures trading. It is a market read, not evidence that AI concerns alone are driving prices. Still, when jobs data takes a back seat, investors may be weighing what the AI boom means for growth more heavily than the latest labour figures.
Discuss: Should investors treat AI-driven growth as a bigger signal than jobs data, or is that a recipe for overlooking the economy right in front of them?
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