The U.S. stock market opens tonight. If it continues to rise on Monday and Tuesday, we need to be alert to the unemployment rate data on Friday being worse than expected, that is, greater than 4.2. The current market expectation is 4.2, and the previous value is also 4.2.
Of course, as long as the employment data is good and the unemployment data is not good, it doesn’t matter, because the market may think, hey, you have to increase the intensity of interest rate cuts. The two interest rate cuts mentioned before may not count...
If both the employment and unemployment data are not good, it may briefly trigger speculation on recession expectations. However, as the election is getting closer, the situation is still okay.
If the U.S. stock market opens tonight and starts to fall on Monday and Tuesday, then the unemployment rate data on Friday is likely to be good data. At that time, once good data is released, it will definitely quickly recover the previous losses.
However, how will the market sentiment on the next Monday and Tuesday go? We can only wait and see. So, this will test how low the bottom position of the friends was before, otherwise it will be a bit torturous.
