Economist: If July non-farm payroll data is significantly revised downward, US stocks will show a V-shaped trend
According to ChainCatcher, citing Golden Ten Data, TradingKey senior economist Jason Tang stated that the non-farm employment data for August is unlikely to fluctuate significantly, with the main risk being whether the July data will be substantially revised downward.
If the July data is significantly downgraded, it is expected that the US stock market will experience a sharp decline, followed by a rebound on the same day. This would indicate a weakening labor market, prompting investors to engage in an "economic slowdown trade," which may lead to a drop in US stocks after the market opens, and then shift to a "rate cut trade," driving a rebound from intraday lows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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