US equities (^GSPC, ^DJI, ^IXIC) are shaky after the May jobs report was hotter than expected, adding 272,000 nonfarm jobs to the US economy ā 90,000 more than economists expected. TIAA Wealth Management chief investment officer Niladri āNeelā Mukherjee joins Wealth! to give insight into what the May jobs Report means for the broader market.
"The story there is AI and corporate earnings … So the data is going to become much murkier. The outlook is going to become foggier as we go through the rest of the year. What investors need to do is be very disciplined. They need to be diversified across different asset classes. Most importantly, they need to have their financial plans in place and stick to it," tells Yahoo Finance.
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