News Formal

The market is 'overreacting' to weak labor report: Economist

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 39 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Torsten Slok News

Apollo Global Management,Labor Report

The major indexes (^DJI,^GSPC, ^IXIC) are bouncing back after a three-day sell-off triggered by a weaker-than-expected jobs report in July. As investors...

, Apollo Global Management chief economist Torsten Slok joins Catalysts to discuss the market reaction and break down why tech, in particular, is seeing a massive sell-off.

So we think that again with the Paul's emphasis on the totality of the data that the market is overreacting to just one data point. And this second reason why you're seeing the A I stocks going down is because of exactly as you're highlighting the carry trade on binding, you've seen a reversal of a lot of trades where essentially investors were borrowing in yen.Now they went up to 25 basis points.

GRM Information Management Further Expands a Growing Presence in Mid Atlantic Region with the Acquisition of Metropolitan Archives Lauri Markkanen, Jazz reportedly set to agree to long-term extension, making him ineligible to be traded this seasonIs it a phone case? A crossbody bag? It's a little bit of both — and it's a lot handy.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock sell-off, Sahm rule, rate cut predictions: Market wrapThe major indexes (^DJI, ^IXIC, ^GSPC) closed sharply lower following a weaker-than-expected July jobs report. Yahoo Finance reporter Josh...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Friday's market sell-off a 'technical-driven unwind'Stocks (^IXIC, ^GSPC, ^DJI), have taken a downturn as markets process a weaker than expected jobs report. In light of this, Horizon Investments chief...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Market sell-off, tech takes hit, bitcoin falls: 3 ThingsUS stock futures (^DJI, ^IXIC, ^GSPC) are plummeting in Monday's pre-market trading, extending the tech-centric sell-off following last week's disappointing ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »