What could stifle the rise of US stocks?
The market is digesting a rate cut that is greater than actually needed, which may be the biggest risk facing the current rise in the US stock market.
Will there be another 'big rotation' in the US stock market? Goldman Sachs: Friday's non-farm payroll is crucial!
Goldman Sachs analysts team expects that if the strong employment data announced by the US Department of Labor on Friday, there may be a large portfolio reshuffle in the US stock market.
Fed's Bowman: Core inflation rate still "uncomfortably" above target.
Bauman pointed out that the global supply chain is still vulnerable to the impact of strikes and escalating geopolitical tensions, which may lead to a resurgence of inflation!
US stock early market | The three major indices are mixed, with Apple up nearly 2%; Chinese concept stocks continue to soar, Tal Education up nearly 20%, Nio Inc up over 13%
On the evening of the 30th peking time, the US stock market opened slightly lower on Monday. Chinese concept stocks rose across the board. It is expected that the US stock market will record gains in September and the third quarter. JPMorgan is expected to adjust its options position, which may increase market volatility. Federal Reserve Chairman Powell will deliver a speech on Monday.
Is August turmoil replayed? The non-farm payrolls on Friday will reveal the outcome.
If the employment data is too strong, investors may reduce their expectations of future monetary policy easing and return to the scenario of 'good economic news is bad news for the stock market.' However, employment data that is significantly weaker than expected may also be seen as a negative signal for the market, potentially leading to a resurgence of recession fears. Therefore, employment data meeting expectations is the best scenario.
Economic concerns + cautiousness before the election, investors have been selling USA stocks and funds for the fifth consecutive week.
LSEG's data shows that in the week ending on September 25th, investors sold off $22.43 billion worth of USA stocks funds, marking the largest single-week net shareholding since December 2022, and the fifth consecutive week of reducing holdings in USA stocks funds.