Goldman Sachs traders warn of the impact of economic data on stock markets in the next 12 months

According to ChainCatcher, a macro trader of Goldman Sachs Group said that in the next 12 months, investors should be wary of the threat of economic data to stock market rise. Paul Shavone pointed out that job market data will play a key role in early warning of economic cracks. He mentioned that the New York Fed data shows that despite the low probability of unemployment, the probability of workers finding new jobs is only 45%, the lowest in history. The S&P 500 hit a new record high on Wednesday, but U.S. labor market and fiscal spending sparked cautious attitudes.