ACTV - This Week May Be A Big Pivot Point For The Market
2024-07-28 06:15:00 ET
Summary
- Economic data may lead to further steepening of the yield curve.
- Job data is likely to show further slowing of the labor market.
- The Fed and Bank of Japan meetings could lead to a further unwind of the carry trade.
Economic data may be more important this week than the Federal Reserve or Bank of Japan meetings and could prove to be a big pivot point for markets. That's because the yield curve has been steepening, taking its cues from the job data. Typically, the curve steepens when the labor market shows signs of slowing. If the labor report and JOLTS continue to show slowing in the labor market, it will likely lead to further steepening of the yield curve....
This Week May Be A Big Pivot Point For The Market