Costco(US:COST) Sou Hu Cai Jing·2026-01-09 03:25Group 1: Non-Farm Payroll Report - The upcoming U.S. non-farm payroll report is expected to be a critical test for investors, with consensus predicting an addition of 60,000 jobs in December and a slight decrease in the unemployment rate from 4.6% to 4.5% [3][4] - A strong report could lead to a reassessment of the Federal Reserve's interest rate cuts, potentially disrupting the upward momentum of the stock market, while a weak report may reignite concerns about the economy and labor market [3][4] - The ideal scenario for the market would be a "Goldilocks" number that shows steady job growth while keeping the unemployment rate stable, which could support further stock market gains [3][4] Group 2: Tariff Ruling - The U.S. Supreme Court is expected to rule on the legality of Trump's tariff policies, with a low probability of supporting these policies at 24% according to prediction markets [4][5] - If the tariffs are overturned, it may not significantly impact the overall market, but investors will closely monitor the stock performance of major retailers like Walmart and Costco, which are involved in lawsuits for tariff refunds [5][6] - The ruling could lead to a weakening of the dollar and a steepening of the U.S. Treasury yield curve, potentially influencing Federal Reserve policy [6][7]