
US stocks finished mixed, with technology and semiconductor shares rebounding after a sell-off. October payroll growth reached 165,000, above the 65,000 forecast, and unemployment fell to 4.1%, prompting markets to raise the implied probability of a December Federal Reserve rate hike to about 81%; Brent crude was largely unchanged that day but fell about 17% over the week.
Stronger employment data and higher rate-hike expectations can support the US dollar, potentially weighing on dollar-priced feed commodities. The reported weekly oil decline could also reduce energy-related input costs, though no feed commodity price move is specified.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.