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Carlyle, Bank of America use their own data to say U.S. jobs growth has slowed to trickle

1. Carlyle estimates U.S. job growth at 15,000 monthly amidst a data blackout. 2. ADP reported a job loss of 32,000; Revelio Labs added 60,000 positions. 3. Bank of America's payroll growth estimate is 0.5% year-over-year. 4. Traders anticipate a quarter-point rate cut on Oct. 29 due to data uncertainty. 5. Stock market futures are trading near record highs amid these job estimates.

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FAQ

Why Bullish?

Optimistic job growth estimates may suggest economic resilience, supporting SPY's performance.

How important is it?

Job growth estimates and potential rate cuts are crucial for market sentiment and SPY price.

Why Short Term?

Anticipation of a rate cut adds immediate optimism, impacting SPY in the coming weeks.

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