Account Info
Log Out
English
Back
Download
Log in to access Online Inquiry
Back to the Top
Markets rally as recession fears ease: Take action or stay patient?
On August 8, the U.S. Department of Labor revealed US weekly jobless claims fell back from an 11-month high, potentially easing fears that t Show More
On August 8, the U.S. Department of Labor revealed US weekly jobless claims fell back from an 11-month high, potentially easing fears that the world's largest economy is cooling quicker than expected. It leading to a market recovery with U.S. stocks opening higher on that day. Also, analysts noted that Bitcoin's recent drop and rebound suggest the decline was an overreaction. They see potential for Bitcoin to grow in the mid to long term and possibly reach new highs.

Earlier, weaker-than-expected July's jobs report led traders to bet on at least five Fed rate cuts by year-end, causing stocks tumbling.

🎙️ Discussion:
1. How will you adjust your investment strategy amid the current market trend?
2. Do you feel optimistic about where the market is headed next?
Views
2.8M
Posts
568
Join topic
Posts
News
Latest
Hot
Related Stocks
  • QQQ
    Invesco QQQ Trust
    505.790
    +0.16%
  • TQQQ
    ProShares UltraPro QQQ ETF
    78.250
    +0.37%
  • YMmain
    E-mini Dow Futures(DEC4)
    44447.000
    +1.04%
  • US2Y
    U.S. 2-Year Treasury Notes Yield
    4.381
    +0.55%
  • US30Y
    U.S. 30-Year Treasury Bonds Yield
    4.583
    -0.43%