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U.S. stocks, led by the Nasdaq and Russell 2000, surged Monday, while Bitcoin saw modest gains. Revised jobs data has heightened expectations of a Fed rate cut in September, but analysts warn of unresolved macro risks and market froth.
- The Nasdaq and Russell 2000 surged 1.84% and 2.35%, respectively, while Bitcoin rose just 0.74%.
- Revised jobs data fueled a spike in September Fed rate cut expectations, with odds now above 90%.
- Investor caution persists due to unresolved macro risks, political interference concerns, and rising Bitcoin put demand.
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Other Tags: US Dollar, Jake Ostrovskis, Wintermute, Russell 2000, Bureau of Labor Statistics, Nasdaq