Trump calls July the “forged” job report

American labor statistics office ” July Jobs Report The numbers of the previous months that are greatly revised to the extent that US President Donald Trump The name It is “forged” and “full”.

However, the markets appear to have ignored their fears currently-US stocks wore on Monday from selling on Friday after the report was issued. However, this step can be a more instinctive reaction than the market -led reflection.

“Today is a kind of day bounce,” He said Sam Stofal, the largest investment strategy in CFRA Research. “The arrows tend to pop after the decrease, and that’s what happens.”

“We have to wait and see what is happening tomorrow, because there may be a possibility that investors think,” You know what, we really need to take some money from the table to digest some of these gains. “

The new Trump tariff enters into force on August 7, so there is a possibility that investors can seize this opportunity, when the markets have recovered a little on Friday losses, to make profit first – and before any additional slowdown, as the job report proposed in July, it is “forged” and strikes the American economy.

The controversial function report confirms that the American economy is slowly slowing. That is why

Non -agricultural salary statements It rose by only 73,000 In July, below until silent expectations. Severe declining reviews of COUNT in May and June have acquired the average number of jobs for only 35,000, or less than a third of the same period last year.

Traditionally, a backward indicator when it comes to chips, the weakness in the growth of jobs indicates an economy that may slow more than some traditional measures that appear.

Jeff Cox