I’d lean toward
B: moderate cooling allows technology stocks to continue rebounding, but with one important caveat: tonight’s jobs report is only the first test. The market will care less about whether payrolls beat or miss by a few thousand and more about the combination of hiring, unemployment and wage growth.
The ideal scenario is a softer labor market without recession signals: slower job creation, unemployment staying around 4.1%, and wages continuing to cool. That could reduce rate-hike expectations and support tech, small caps and other rate-sensitive assets.
But if employment collapses, recession fears could overwhelm the benefit of lower yields. And if wages remain hot, the Fed may stay hawkish.
In my view, CPI next Friday is still the real final boss. Tonight can change the narrative; CPI could determine the direction.
@Tiger_comments [微笑]
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