"September curse": The US stock market felt it on the first day!
Looking back at the market of the past few decades, September is not only a bad month for US stocks, but also for assets such as gold and bitcoin. This opening cold water in September is clearly causing various cross-asset traders to feel a touch of the "September curse" chilling atmosphere...
Black September begins! Gold price drops more than $30 from the daily high, falling below 2480 US dollars. US stocks plummet as manufacturing PMI data weakens, non-farm payrolls matter the most.
US manufacturing indicators rebounded in August from the eight-month low set in July, due to improved employment conditions, but the overall trend still indicates sluggish manufacturing activity.
Gold: Nearly Half of Trend Followers Positions to Be Liquidated – TDS
Gold Is Waiting for the US Jobs Report – Commerzbank
Gold Futures End Higher On Renewed Buying Interest
Stock Market Outlook: Three major equity index futures all fell, and the US dollar index continued to rise for five consecutive days.
On September 3rd (Tuesday) pre-market trading, the futures of the three major US equity indexes all fell.