Jobs report will be most important market event next week, says Vital Knowledge's Adam Crisafulli

Economic Indicators - The ISM reports will provide an early look at September's economic performance and will not be affected by the government shutdown [1] - The ADP employment report is expected to gain importance due to recent uncertainties surrounding government labor statistics, serving as an alternative source of information [3][4] Earnings Reports - Key earnings reports to watch include Carnival on Monday and Nike on Tuesday, with the jobs report being the most significant event of the week [2] Trade and Tariffs - The White House is increasing Section 232 investigations and tariffs to strengthen its trade agenda amid scrutiny of existing tariffs [5] - There is speculation that the Supreme Court may strike down AIPA tariffs, which would shift the burden to Section 232 tariffs, creating uncertainty for corporate America [6] Market Reactions - Recent tariff announcements did not significantly impact markets, but there is relief regarding pharmaceutical tariffs, although uncertainty remains [7] - Energy stocks have performed well, influenced by rising crude oil prices and geopolitical tensions related to the Ukraine conflict [8][9] Federal Reserve Expectations - Higher job openings could lead to doubts about the Federal Reserve's plans for rate cuts, particularly affecting small-cap stocks [10] - A strong jobs report may lead to upward pressure on yields and alter Fed expectations, potentially resulting in a more cautious approach to rate cuts [11][12]