Should You Ignore Soft Jobs Data & Bet On Wall Street ETFs?

The start of August witnessed a shift in market momentum. The S&P 500, which had recorded six successive all-time highs, entered a four-day losing streak. The decline was caused by soft jobs data and rising unemployment, along with new tariffs announced by President Donald Trump targeting U.S. trading partners.However, Morgan Stanley and Goldman Sachs believe that this could be an entry point to the market. Let’s delve a little deeper. SPDR S&P 500 ETF Trust (SPY) , which fell on Aug. 1, 2025, rebounded on ...