architect, plan, construction-3979490.jpg

Today in the Market (10/7/2022)

Good Evening. Friday was the worst day for U.S. equities since the depths of September’s sell-off, as the government’s monthly employment report revealed that labor markets remained tight despite a slowdown in hiring, dashed hopes that the Federal Reserve will reverse its aggressive rate-increasing course.

The S&P 500 fell 2.80%, but the Dow Jones 2.11%. The Nasdaq Composite led the fall with a 3.80% decline.


Walt Disney Co’s ESPN (DIS) is nearing a new partnership deal with sports betting company DraftKings Inc. (DKNG), Bloomberg News reported, citing sources with knowledge of the situation.

The possible agreement would enable the sports broadcaster to capitalize on the rising tide of legalized sports betting, according to the article.

How is this forming? The Wall Street Journal reported in August that ESPN was trying to license its name to big sports betting companies for at least $3 billion over several years to capitalize on the expanding online betting sector. On top of that, in March 2019, Disney bought a stake in DraftKings as part of its acquisition of Twenty-First Century Fox’s entertainment holdings.


architect, plan, construction-3979490.jpg

As a succession of oversized interest rate hikes infiltrated the U.S. economy in September, job growth slowed for a second consecutive month. However, the slower nonfarm payroll gain is unlikely to stop policymakers from strong monetary action to combat inflation that remains at a decades-high.

Let’s see how the jobs report played out against the estimated numbers:

  • Non-farm payrolls: +263,000 vs. +260,000 expected
  • Unemployment rate: 3.5% vs. 3.7% expected
  • Average hourly earnings, month-over-month: +0.3% vs. +0.3% expected
  • Average hourly earnings, year-over-year: +5.0% vs. +5.0% expected

With this, what will happen next? The improvement in September employment figures is a positive indication for Fed officials attempting to rein in an extremely tight labor market that has pushed up wages and led to skyrocketing prices. However, the figure remained far higher than the norm of 150,000 to 200,000 before the pandemic, allowing the U.S. central bank to proceed with considerable rate hikes.

Scroll to Top

Where Are You On Your Investment Journey?




All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.


Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?