Last night there were two big news items that stirred up a small storm in the market. First, the number of initial jobless claims in the United States has been rising sharply, reaching the highest point since June. As soon as this data came out, everyone started wondering: Is the labor market really cooling down? It seems like it might be softening a bit. You see, those who have been touting the "strength of the U.S. economy" were suddenly left speechless.
Next, the "preliminary non-farm report" for August in the U.S.—the small non-farm data—was also not very strong, and the results completely missed expectations. Now everyone is starting to doubt: Is the U.S. economy really as stable as it seems? Anyway, I've already heard that market expectations for interest rate cuts are starting to heat up, and this trend cannot be ignored.
Overall, these two pieces of data are somewhat favorable and might bring us some short-term rebound opportunities. But don’t rush to jump in; we still have to wait for the non-farm data at 8:30 PM tomorrow night, as the real bombshell will come then. After the non-farm report is released, the market may finally see a real turning point, an opportunity for a big move. At that time, you need to seize it well and not miss out.
In any case, from a long-term perspective, the outlook is still bullish! The overall environment hasn’t changed, monetary easing policies in the financial markets are still in place, and there aren’t any particularly significant negative factors affecting the global economy. So, everyone doesn’t need to be too anxious; let’s keep our vision broad and seize this opportunity.
