548 days ago
#JOLTS in focus, everything rally in store ? $QQQ $SPY $TLT #Switzerland #Trading #USD
Stocks are on the rise, supported by rapidly falling government bond yields as market participants scale back bets of Fed tightening. Stocks are also supported by largely oversold technical conditions and still elevated bets of a very hawkish Fed. Today we are watching the August US job opening data, the JOLTS, for clues on whether the jobs market strength is showing signs of easing, which could strengthen the case of a Fed pivot to less tightening.


