Bitget Daily Futures Market Update

Currently, the acceleration of sales in American discount stores and the slowing growth momentum at Walmart and Costco have sparked discussions about consumption downgrading. Goldman Sachs points out that U.S. hedge funds’ overall exposure to retail stocks has fallen to multi-year lows, indicating that institutional funds are systematically withdrawing from this sector. UBS characterizes market sentiment as "indifferent, cautious, and frustrated," warning that consumer stocks are facing multiple headwinds, including shrinking consumer spending power, high interest rates, tariffs, freight costs, and geopolitical turmoil.

After the non-farm payroll data, the US dollar rose and the S&P 500 closed lower for the day, but still maintained its weekly gains; the Nasdaq 100 also posted a weekly increase. The pressure in the bond market has not yet spread to the broader risk asset sector. Analysts point out that credit spreads continue to narrow, and credit extension and money creation have not contracted. However, US stocks still need to be wary of a sharp rise in interest rates and pay attention to next week's CPI data.