Home
News Detail

Job Report Aftermath: Where Investors Possible Find Safe Haven

Source: CoinWorld
Before President Trump held a job report conference with tech CEOs, job data for August was disappointing, with only 22,000 new jobs, far below the expected 75,000. Unemployment rose to 4.3%, with jobs falling in manufacturing and construction industries, while part-time jobs surged, indicating structural weakness. Discount retailers and utility stocks may outperform with inflation rates as high as 2.7% and disposable income pressure. The Fed's interest rate cut could boost liquid-sensitive assets such as Bitcoin and tech stocks as Trump hints that the economy will improve in the future and may introduce real estate stimulus.
Link copied to clipboard