Over the past few trading days, the broader U.S. equity markets have been trading at record highs buoyed by optimism related to rate cuts driven by easing inflationary pressures and an uptick in the unemployment rate. Although the June labor market data revealed that the U.S. economy added higher-than-expected 206,000 nonfarm payrolls, unemployment rose to 4.1% compared with broad-based expectations of a flat curve at 4%.These ignited hopes of a possible rate cut as early as September. The optimism was furt ...