Reported 4 months ago
Bank of America has outlined the ideal scenario for stocks to rally after the May jobs report, stating that a report within the 'Goldilocks range' of 125,000-175,000 new jobs added would likely give the Federal Reserve more leeway to cut interest rates sooner, leading to a positive stock market response. Conversely, a report below 125,000 jobs added could signal economic deterioration and lead to a market sell-off, while surpassing 175,000 would indicate stronger-than-expected economic growth.
Source: YAHOO