Can the July NFP Return Some Optimism? | Crypto Craft

  • Can the July NFP Return Some Optimism?

    From orbex.com

    The consensus among analysts is that the US July Non-Farm Payrolls will show a continuation of the increasing job creation trend that we’ve seen since April, albeit significantly slower. However, there are some reasons to suspect that economists are once again a little too optimistic. Interestingly, the consensus has been slowly falling through the course of the week. On Monday, there was a general understanding that 925K jobs were created. By the start of Wednesday, it fell to 895K. Following a massive disappointment in ADP, analysts further cut their outlook to 870K. And just for comparison, last month’s figure ... (full story)

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Bakker
Aug 5, 2021 11:10am
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Quoting Vancarbon
All this funny money has put equity valuations into a different realm . The Nasdaq is just trading on ludicrous valuations thanks to the FAANGS Corporate Share buybacks , CEO option perks and Price earnings ratio's in their hundreds Creative accounting and analyst waffle tries to justify ( sometimes ) these valuations
Words of wisdom.
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althar
Aug 5, 2021 10:53am
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No.
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