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USA Silver: The rise of US stocks will be limited until the US employment situation becomes clear.
Bank of America strategist stated that the stock market may trade sideways and fluctuate before clear signs of weakness or strength in US employment data are shown.
The suspense of the Fed interest rate cut will be revealed next week! The interest rate dot plot and the expected unemployment rate are eagerly awaited by everyone.
According to a survey of economists, the Fed is very likely to cut interest rates by 25 basis points at the next meeting and the following two meetings.
Others fear my greed! The emotional reversal suggests that September is the golden opportunity to lay out US stocks!
Analysts say that investors tend to be overly optimistic when the market is booming and overly pessimistic when the market is declining. This is why sentiment readings are considered to be contrarian indicators.