US Jobs Data May Hurt Stocks if it Lets the Fed Hold Back Rate Cuts | Metals Mine

  • US Jobs Data May Hurt Stocks if it Lets the Fed Hold Back Rate Cuts

    From tastylive.com

    A closely watched update on the state of the US labor market will mark a powerful test of financial markets’ mettle. It will book-end a busy week of data releases that showed inflation has accelerated more than economists anticipated and the Federal Reserve pushed back on interest rate expectations. The Bureau of Labor Statistics (BLS) is expected to report that nonfarm payrolls added 110,000 jobs in July, marking a slowdown from the rise of 147,000 recorded in the previous month. An outcome in line with expectations would mark the smallest increase since February. The unemployment rate is seen ticking higher to ... (full story)

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thebigshot
Aug 1, 2025 4:46am
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WITH Prelim Growth 3.0%
PCE up to 2.8%
Scenario are changing from bullish to bearish. Dollar UP, Yield up.
Long end Yield curve not yet ready to sell off.
With trump negotiating with countries to "invest" in the US treasuries, Buyers may present in other treasury auctions.

Based on this, GOLD, is ready to reverse, and long Dollar will become next swing trade.

What is interesting, is liquidity. Indexes may not be ready to reverse. However, if more and more data present, current and longer, equities may go into ranging. As not pessimistic events currently appeared.

May be it will start with, US housing market?? I guess not. Data from Housing market still strong.
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antaryaami
Aug 1, 2025 6:43am
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Welp. Gold will reverse for the short to medium term. As the data rolls in and bad news starts piling up, it might catch a bid.

Overall, not a very pretty situation.
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