Bootrade
09-09

Recently market has falls to its worst week in 2024. Investors are watching the yield curve inversing to positive rate. Each instances the yield curve inverted US economy falls into recession eventually and recent non farm payroll and unemployment rates beat expectation which expecting yield curve falls below negative territory but payroll for Jun and Jul data was revised to lower payroll results, pushing yield lower which resulted yield curve returning all time highs since 2022. 

Investors are wary on the future of the US economy as yield curve may push the market lower. Although the current data have weaken it's nowhere near recessionary data, market may not have strength during this period. Market will shows strength once yield curve falls. Wednesday inflation data may be the key. 

$iShares 20+ Year Treasury Bond ETF(TLT)$  maybe the investment for long term as federal reserve cutting interest rate will push bond prices higher. I'm currently bearish until yield curve falls with good data numbers. 

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?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
1