Jobs-Day Shocker Vindicates Great Risk Rally of 2024
- Latest labor data vindicates the great risk rally of 2024
- HSBC’s Kettner tells clients to remain ‘aggressively’ risk-on
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The ever-resilient US economy is once again causing havoc for Wall Street worrywarts, who have sounded the recession alarm all year.
After months of heated debate between stock and bond bulls on whether restrictive Federal Reserve policy would spur a downturn, a report showing the biggest gain in American hiring in six months spurred violent reversals in fixed-income markets that had gone all-in on a slowdown.