Analysts say October US nonfarm payrolls were strong but effectively "old news,"
and the data reinforced market bets on a December Fed rate hike. They flag a
larger near-term risk: the scale of an AI-driven equity selloff and whether it
could trigger a deeper market rout — a new potential variable for the Fed.
Equities appear largely unmoved: S&P 500 futures were roughly flat versus
pre-release levels. Post-congressional-election investor attention remains
focused on the AI valuation debate.
