The headline figure for August payrolls appeared somewhat more robust than anticipated, but this was counterbalanced by downward revisions to previous months' data. Additionally, there was a promising uptick in labour force participation.
In the United States, summer traditionally spans approximately three months, from Memorial Day to Labor Day. As we approach Labor Day weekend, it's an opportune moment to reflect on the stock market's performance during this summer period, and the verdict is undeniably favourable. Since Memorial Day, the S&P 500 has surged by approximately 7%, propelled by a robust second quarter of 2023 earnings season and a growing realization that the U.S.
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