The performance of the three major US stock indexes (5 aug):
The $DJIA(.DJI)$ rose 76 points, 0.23%, to close at 32,803 points
The $NASDAQ(.IXIC)$ fell 63 points, 0.5%, to end at 12,657 points
The $S&P 500(.SPX)$ lost 6 points, 0.16%, to end at 4,145 points
U.S. nonfarm payrolls beat expectations in July. In the face of such a strong labor market. Violent rate hike expected. Expectations of a 75bps rate hike by the Federal Reserve in September boost sharply
Prior to this,
Even in the face of "indiscriminate bombardment" by Fed hawks. US stocks are still carnival. Even if the Fed sends the strongest tightening signal in decades. The market is still "going its own way". Even boosting U.S. stocks to refresh their best performance in recent years. Even starting to bet on the gloom of recession. The Fed will soon "turn the pigeon". And it is likely to start a rate cut as soon as the September meeting.
Currently
Non-farm payrolls continue to beat expectations in July. The Fed is still expected to tighten monetary policy rapidly, to ensure that inflation does not affect wages. And the price spiral has become entrenched. This is also one of the bearish U.S. stocks. Employment data improves. On the contrary, it has increased the expectations of interest rate hikes
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