Wall Street professionals remain uncertain as markets continue to confound on Nostr: Soft US Jobs Report Raises Risk of Stock Market Selloff, Says BofA Strategist ...
Soft US Jobs Report Raises Risk of Stock Market Selloff, Says BofA Strategist
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#df25ce9f ver:0.2
Despite concerns about the labor market, consumer spending, and weak corporate earnings, some believe the US stock market could rally. Bulls argue that consumer spending remains robust, but the reliance on credit cards is concerning. Technical analysts note that the market's bounce and oversold conditions could be catalysts for a rebound, but more work is needed to reverse the emerging downtrend. Wall Street professionals are facing challenges as fast-reversing markets confuse them. The recent rebound in stocks was fueled by the retreat of Treasury yields, and investors believe the Fed is done raising rates. Robust global economic growth may offer equities enough support to resume a record-breaking rally, even if bets on rate cuts are abandoned. A weaker jobs report could raise the risk of a stock market selloff....
#newstr #UsJobsReport #StockMarket #Stagflation #BankOfAmerica #MichaelHartnett
https://here.news/story/df25ce9f?ver=0.2
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#df25ce9f ver:0.2
Despite concerns about the labor market, consumer spending, and weak corporate earnings, some believe the US stock market could rally. Bulls argue that consumer spending remains robust, but the reliance on credit cards is concerning. Technical analysts note that the market's bounce and oversold conditions could be catalysts for a rebound, but more work is needed to reverse the emerging downtrend. Wall Street professionals are facing challenges as fast-reversing markets confuse them. The recent rebound in stocks was fueled by the retreat of Treasury yields, and investors believe the Fed is done raising rates. Robust global economic growth may offer equities enough support to resume a record-breaking rally, even if bets on rate cuts are abandoned. A weaker jobs report could raise the risk of a stock market selloff....
#newstr #UsJobsReport #StockMarket #Stagflation #BankOfAmerica #MichaelHartnett
https://here.news/story/df25ce9f?ver=0.2