Core Viewpoint - The non-farm payroll data for August is unlikely to show significant changes due to offsetting trends across various industries, with the main risk for financial markets stemming from potential downward revisions of July's data [1] Group 1: Employment Data Insights - A substantial downward revision of July's employment data could indicate a weakening labor market, prompting investors to engage in "economic slowdown trades" [1] - If July's data is significantly adjusted downwards, it is expected that the U.S. stock market will experience a sharp decline followed by a rebound on the same day [1] Group 2: Market Reactions - A downward adjustment in employment data may lead to softening in U.S. stock index futures during pre-market trading, resulting in a decline in stock prices at market open [1] - The "economic slowdown trade" could transition into a "rate cut trade," ultimately driving U.S. stocks to recover from intraday lows [1]
经济学家:如果7月非农大幅下修,美股日内将呈现V型走势
Ge Long Hui A P P·2025-09-05 11:42