In this week’s 7 Market Movers, Doug Huber explains how markets are navigating delayed economic data, with jobless claims hitting a three-year low despite elevated layoffs. Strong earnings from Snowflake and Dollar General boosted equities, while expectations for a December Fed rate cut climbed above 90%, supporting both small-cap and tech stocks. Treasury yields edged lower, and investors now await key economic reports in the coming weeks for clearer insight into inflation, employment, and Fed policy direction.

After hitting record highs, markets have pulled back as volatility returns and investors question whether the AI rally can keep up its pace. In this week’s episode, Gary breaks down what’s driving the recent swings, NVIDIA’s headline-grabbing earnings, and why expectations for another Fed rate cut are fading.