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

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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.

 

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