🚨 U.S. jobs data came in much stronger than expected
The economy added 165,000 jobs, compared with 64,000 expected, and the unemployment rate fell to 4.1%.
This increases the likelihood of an interest rate hike in December, but there’s an important point: markets had already priced in this scenario to a large extent.
So I wouldn’t rule out a contrary reaction after the news, especially if investors start taking profits.
Personally, I won’t rush to sell just because the data is strong. I’m watching $BTC , the dollar, and bond yields.
Sometimes the market doesn’t move on the news itself, but on how much of it was already priced in. 👀
#CanUSStocksReboundAfterNonfarmPayrolls?
The economy added 165,000 jobs, compared with 64,000 expected, and the unemployment rate fell to 4.1%.
This increases the likelihood of an interest rate hike in December, but there’s an important point: markets had already priced in this scenario to a large extent.
So I wouldn’t rule out a contrary reaction after the news, especially if investors start taking profits.
Personally, I won’t rush to sell just because the data is strong. I’m watching $BTC , the dollar, and bond yields.
Sometimes the market doesn’t move on the news itself, but on how much of it was already priced in. 👀
#CanUSStocksReboundAfterNonfarmPayrolls?
