The non-farm unemployment rate did not surprise, but the dovish tone of important officials from the Federal Reserve was loud. Why did the US stocks fall sharply on Friday?
"The New American Union News Agency" said that the non-farm payrolls cannot indicate the magnitude of the interest rate cut in September, and the Federal Reserve's voting members did not explicitly speak out about a 50 basis point rate cut in September, which may disappoint the market. Some analysts also say that the market has entered a new paradigm, shifting its focus from inflation to growth, and economic bad news is now unfavorable for the stock market.
US stocks close | On the "non-farm day", US stocks plummeted, with the Nasdaq down 2.55%, and NVIDIA down more than 4%; US bonds surged, with Brent oil hitting a nearly three-year low.
The poor non-farm payroll data in August may lead the Fed to support a significant interest rate cut. The S&P fell 1.7% for the week, dropping over 4%, while the Dow fell 1% for the week, dropping nearly 3%, and the Nasdaq fell 2.6% for the week, dropping 5.8%, entering a technical consolidation phase.
Express News | Federal Reserve Director Woller: If the conditions are appropriate, advocating for a "precautionary" interest rate cut.
US stock market morning session: The three major indices are mixed, with Dow Jones Industrial Average and S&P 500 rising; Broadcom falls more than 9% after its earnings, Tesla falls about 2%, and Apple rises nearly 1%.
China concept stocks are mixed, with NIO Inc up nearly 4%, pdd holdings up nearly 1%, while li auto inc drops more than 1%. The non-farm payrolls in the USA increased by 0.142 million in August, lower than expected, paving the way for the Fed's interest rate cut in September.
The Fed's 'three hands': it is appropriate to cut the federal fund interest rate now.
In August, the labor market in the USA continued to be weak, and employment fell short of expectations. William Williams, the President of the Federal Reserve Bank of New York, stated that the Federal Reserve has made "significant progress" in maintaining price stability and achieving maximum employment, and it is now appropriate to lower the federal fund interest rate.
Fed's Williams: Ready to Start Process of Rate Cuts
Did the US non-farm payrolls prior value be significantly revised downward, opening the door for aggressive interest rate cuts by the Federal Reserve?
The US job growth in August was lower than expected, and the employment growth in June and July was significantly revised down. The probability of a 50 basis points rate cut by the Federal Reserve in September has increased to over 50%.
The probability of a 50 basis point rate cut soaring! The employment numbers in the USA rebounded in August as expected, with a significant downward revision of the previous value.
The August non-farm employment rebounded as expected to 0.142 million, lower than the expected 0.16 million; the unemployment rate fell to 4.2%, in line with expectations; After the data was released, the probability of a 50 basis point rate cut by the FOMC in September rose above 50%; The yield on the 10-year US Treasury bond further plunged to 3.66%, and the pre-market decline in US stock futures narrowed.
Express News | Federal Reserve's 'third in command' Williams: It is appropriate to lower the federal fund rate at the moment.
US Stock Market Outlook: US August non-farm payrolls below expectations, short-term rise in three major futures indices! Traders raise expectations for the Federal Reserve to cut interest rates this year.
Broadcom fell more than 6% pre-market, Q3 semiconductor business revenue growth slowed, Q4 revenue guidance is below expectations; Citigroup trader: The Fed will not hesitate to cut interest rates, expected to cut 50 basis points at each of the three meetings this year.
Express News | Traders believe that there is a 50% chance of the Fed cutting interest rates by 50 basis points this month.
Express News | In August, the seasonally adjusted non-farm employment in the USA increased by 0.142 million people, lower than market expectations, marking the largest increase since June this year. The US unemployment rate in August was recorded at 4.2%, in line with m
Express News | The non-farm employment in the USA for June and July was revised down by 0.086 million people.
Express News | The non-farm employment in the USA increased by 0.142 million people in August, with an unemployment rate of 4.2%.
Are US Treasury ETFs facing investment opportunities? Four institutions predict a 50 basis point rate cut by the Federal Reserve in September.
Michael Feroli, Chief U.S. Economist at JPMorgan, stated that the Federal Reserve should cut rates by 50 basis points at its September meeting.
This week's bullish stocks in the telecommunication sector! Vodafone, Telus, and AT&T have risen for 3 consecutive weeks; bullish news continues to materialize, with Tesla's weekly increase exceeding 7%.
Received a target price increase from a major bank! Coupang has risen over 5% this week and over 40% this year, with a market cap of over 40 billion USD.
Is it "The Boy Who Cried Wolf" or "The Wolf is Really Coming"? Will tonight's non-farm payroll trigger a "self-fulfilling" recession?
Nomura Securities stated that the net assets of American households have reached a historical high, and the current economic situation is similar to the early stages of the internet bubble bursting. If tonight's non-farm payroll report falls short of expectations, the stock market will see intensified selling, bringing the economy closer to triggering a vicious cycle.
Daily options tracking | Tesla options volume continues to rise, one call makes 8 times the profit; big players accurately ambush! Broadcom sells call options overnight and makes precise bets.
"Non-farm" ADP data fell short of expectations, causing a sharp increase in HYG implied volatility. Investors sold put options and bought call options, resulting in multiple SLV silver options doubling in value.
Nobel Laureate Joseph Stiglitz Says Fed Raised Rates 'Too Far, Too Fast' — and Now Needs to Cut Big
Just finished directing 'Black Monday' last month! How will the financial markets spend Nonfarm Night tonight?
On this big day, which can be considered a "battle of the king of stocks, bonds, and the foreign exchange market," what kind of answer will the August non-farm data give to the market? Will the data performance be as "shocking" as last month? How will the markets of various asset classes perform tonight?