$S&P 500(.SPX)$ Wait on sideli

Jobs Report Revised Down! Will it Reinforce September Curse?

The non-farm payrolls for June and July were revised down from 179,000 to 118,000; and 114,000 to 89,000 respectively. After the revisions, the combined number of new jobs added in June and July is 86,000 lower than previously reported. Traders have increased their bets on a 50 basis point rate cut by Fed in September. The September Effect is a supposed market anomaly whereby stock market returns are relatively weak during the month of September. -------------------- Is September Curse coming true? Will there be more declines or rebound on Friday?

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