A surge in unemployment has triggered a discussion on the expectation of economic recession in the entire network.
In fact, although I am not optimistic about the US economy, it may not be very bad. It's just that the gap between the rich and the poor is larger, and the good is better and the bad is worse.
After all, the United States is different from other countries. It is a country dominated by financial capital economy. Finance, financial derivatives and services have created a lot of economic income. Therefore, looking at the economic data, we can only say that there is a short-term risk-averse economic recession, but we cannot say that there is really an economic recession. The biggest crisis caused by the current labor market is that low-income people may cause an increase in social security incidents. As for the economic recession, unless the financial market continues to explode,
Of course, returning to the issue of trading expectations, if the expectation of economic recession appears, if there is no other data to consolidate this expectation, it will fade away day by day next week.
However, under the current situation of tight risk market sentiment, the data next week cannot go bad. There are not a lot of economic data next week. According to the past, many of them are data with low impact weights, but currently under the blessing of trading recession, such as PPI, retail monthly rate, August inflation expectations and July CPI data, once these data orientations have problems, the market may continue to ferment the recession theory.
For the financial market, the same good or bad news will only have a worse effect each time unless expectations are further deepened.
