The latest employment data for July released by the United States is astonishing. The number of new job opportunities is only 73,000, far below the market expectation of 147,000. Worse still, the data for May and June has also been significantly revised down, totaling a shortfall of 258,000 jobs. This pile of numbers clearly tells everyone that the economy may be facing problems.
This has pushed Federal Reserve Chairman Powell into a corner. Even if it might cause some distress to the stock market, he must find a way to stabilize the bond market, as the government is also keeping an eye on it. Everyone believes that there will definitely be an interest rate cut in September, and many investors have already started to position themselves in advance.
However, I must remind you that waiting for the interest rate cut to be officially confirmed before jumping in may be too late. Once the policy is announced, the market has already risen, and those who had positioned themselves early have already made a significant profit.
Intraday focus: OM SUI SOL FUN BTC
