Wall Street bulls: Stock market volatility will continue until the election, and then it is expected to return to historical highs.
①Wall Street long-term bull Ed Adney said that the "volatility" in the US stock market may continue until the election and is expected to climb back to historical highs afterwards; ②Adney said that whether the market can return to historical highs partly depends on the results of the US election, and political deadlock is the best scenario for the market.
The decline in job vacancies in the United States exceeded expectations, and the market increased its bet on a rate cut by the Federal Reserve.
The number of job vacancies in the USA in July decreased from 7.91 million (revised downward from the previous month) to 7.67 million, marking the second consecutive month of decline. Federal Reserve policymakers have explicitly stated that they do not want to see further cooling of the labor market, and it is widely expected that they will begin cutting interest rates at the next meeting.
Federal Reserve Beige Book: Economic activity is flat or declining in 9 regions, consumer spending is slowing, and the job market is mixed with both positive and negative aspects.
The overall assessment of the Federal Reserve's Beige Book is not optimistic. Economic activity in most regions remained flat or declined, increasing from five in July to nine, with only three regions experiencing slight economic growth, while consumer spending slowed in most regions.
S&P 500 Books Back-to-back Losses As Wall Street Grapples With A Rocky Start To September
The September "curse" is unstoppable! Goldman Sachs' fund flow experts are turning their attention to put options on US stocks starting on September 16th.
Rubner, an expert who accurately predicted the US stock market correction in late summer this year, said that historical data shows that the second half of September is the worst performing two weeks for the s&p 500. On Tuesday of this week, market participants have already traded on the bearish view of September, without waiting for the technicals to turn negative.
Goldman's Rubner: Market Correction May Start If August Jobs Report Disappoints
