Aug. 1 at 3:08 PM
$BFLY $DGXX $S $WATT The sharp downward revisions to past data, with a combined loss of 258,000 jobs reported for May and June, send a clear warning signal: the U.S. labor market, once a sturdy pillar of the economy, has been weakening steadily for some time.
"While investors once saw an economic slowdown as a positive trigger for Fed rate cuts, today’s report is truly a case of 'bad news is bad news.'"
This is why the market’s been so frustratingly volatile, and prices have taken a hit. Stay strong if your portfolio’s in the red it might sting for a bit. If it’s too much, consider selling and taking a breather. But if you can hold on, this dip could be a golden opportunity to buy more and lower your average cost. Keep your chin up; tough markets build resilient investors!
