Sentiment indicators rebounded, focusing on PCE and non-agricultural data 👀
Fixed-income markets were much calmer heading into the month-end than the day before, with bond yields largely unchanged despite another rally in stocks; some sentiment gauges were down over the long haul, driven by China's piecemeal stimulus package and weaker economic indicators. has turned positive again since August, including the recent MSCI bull and bear indicator also turning positive. The market can't wait to see today's PCE and Friday's non-farm payrolls data. At the same time, with the arrival of the Labor Day long weekend, market activity is expected to remain light, and investors should focus on reducing risk exposure at the end of the week. exports to prepare for September, which is typically more volatile.
