According to BlockBeats, on October 4, Bank of America strategist Michael Hartnett said that if the U.S. non-farm payrolls report released on Friday is within expectations, risk assets may rebound.

The strategist said if data shows the U.S. added 125,000 to 175,000 jobs last month, it would support the narrative of a soft landing and keep bond yields in a range, triggering risk-on trades. Hartnett said bulls are “in control” and there are “solid signs” that China’s stimulus is “working” and that the Federal Reserve will ease policy more.

The strategist added that if non-farm payrolls exceed 225,000 and the unemployment rate is below 4.1%, this will push the yield on the 30-year U.S. Treasury bond above 4.5%. If it is below 75,000 and the unemployment rate is above 4.3%, it will mean a "recession." (Jinshi)