Express
Economist: US Stocks to Show V-Shaped Trend if July Nonfarm Data Significantly Revised Downward
Summary: According to reports from TradingKey, senior economist Jason Tang stated that August nonfarm employment data is unlikely to fluctuate significantly, with the main risk lying in whether July data will be revised downward significantly. If July data is revised significantly downward, it is expected that the US stock market will experience a sharp decline, followed ...
According to reports from TradingKey, senior economist Jason Tang stated that August nonfarm employment data is unlikely to fluctuate significantly, with the main risk lying in whether July data will be revised downward significantly. If July data is revised significantly downward, it is expected that the US stock market will experience a sharp decline, followed by a rebound on the same day. This would indicate a weak labor market, prompting investors to engage in 'economic slowdown trading,' potentially causing US stocks to open lower, then shift to 'rate cut trading,' driving a rebound from intraday lows.
Tags:
Link: Economist: US Stocks to Show V-Shaped Trend if July Nonfarm Data Significantly Revised Downward [Copy]
