Tonight's non-farm payrolls have caused a collapse in the market.
Coincidentally, a similar event occurred last August: first, the ISM PMI hit a new low, followed by non-farm payrolls falling significantly short of expectations and a downward revision of previous values, and then various recession forecasts emerged... the market crashed.
However, I personally believe the root cause is that the market has risen too much from April to August, and the increase has been too reckless (ignoring various data and events, even those studying macroeconomics might be on the verge of collapse, as the mark
Coincidentally, a similar event occurred last August: first, the ISM PMI hit a new low, followed by non-farm payrolls falling significantly short of expectations and a downward revision of previous values, and then various recession forecasts emerged... the market crashed.
However, I personally believe the root cause is that the market has risen too much from April to August, and the increase has been too reckless (ignoring various data and events, even those studying macroeconomics might be on the verge of collapse, as the mark
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