Bank of America: Risk assets may rebound if non-farm data meets expectations

BlockBeats news, October 4, Bank of America strategist Michael Hartnett said that if the US non-farm payrolls report released on Friday is within the expected range, risk assets may rebound.

The strategist said that if the data shows that the United States added 125,000 to 175,000 jobs last month, it will support the argument of a soft landing of the economy and keep bond yields in a range, triggering risk-on trading. Hartnett said that the bulls are "in control" and "conclusive signs" that China's stimulus measures are "working" and the Federal Reserve will also ease policy more.

The strategist added that if the number of non-farm payrolls exceeds 225,000 and the unemployment rate is below 4.1%, this will push the US 30-year Treasury yield to more than 4.5%. If it is less than 75,000 and the unemployment rate is above 4.3%, it will mean "recession." (Jinshi)