After the non-farm data came out, the investment market is still rebounding upward!
The main reason stocks and gold fell sharply in July is that the market is worried about the risk of more rate hikes.
This round of non-farm payrolls was a huge surprise, because during the World Cup, the labor force in the food service and travel and entertainment industries was doing fairly well.
From the market’s perspective at the time, if the labor market was strong and inflation was running too hot, it was very possible that the Fed would raise rates.
But in the end, the results showed that after the World Cup ended, the labor market still got knocked back to how it was before.
Employment in the overall services sector isn’t good.
If the Fed were to raise rates at this point, it could be bleak—businesses and workers would both face tremendous pressure.
Now the market’s expectations of further rate hikes have dropped a lot, so the investment market has rebounded upward again.
By the end of July, I already went bargain hunting and fully built positions to about 95%.
I believe the market will continue to repair and recover.
Bitcoin and US stocks have also rebounded quite a bit—let’s give it a few more weeks. $BTC
The main reason stocks and gold fell sharply in July is that the market is worried about the risk of more rate hikes.
This round of non-farm payrolls was a huge surprise, because during the World Cup, the labor force in the food service and travel and entertainment industries was doing fairly well.
From the market’s perspective at the time, if the labor market was strong and inflation was running too hot, it was very possible that the Fed would raise rates.
But in the end, the results showed that after the World Cup ended, the labor market still got knocked back to how it was before.
Employment in the overall services sector isn’t good.
If the Fed were to raise rates at this point, it could be bleak—businesses and workers would both face tremendous pressure.
Now the market’s expectations of further rate hikes have dropped a lot, so the investment market has rebounded upward again.
By the end of July, I already went bargain hunting and fully built positions to about 95%.
I believe the market will continue to repair and recover.
Bitcoin and US stocks have also rebounded quite a bit—let’s give it a few more weeks. $BTC