No one knows at this point whether this is noise or the start of an extended downturn. But one thing is clear: US stocks continue to lead markets this year by a wide margin, based on a set of ETFs representing the) are up 14.5% year to date. That’s a sizable premium over the rest of the field.
Assuming that’s correct, the gain would mark a pace of hiring that’s below average , but not low enough to raise recession fears for the immediate future. “But if the labor market actually looks like it’s slowing down,” policymakers may decide that “they should be moving a little bit quicker than they otherwise would.”Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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