Reported about 2 months ago
The recent revision of nonfarm payroll numbers for March 2024, which was lowered by 818,000—the largest drop since 2009—suggests a cooler labor market. Stephen Dover, chief market strategist at Franklin Templeton, interprets this data as indicative of a 'soft landing' for the economy. He believes that such adjustments signal potential interest rate cuts, following a period of overextended market conditions. As such, he advises maintaining a balanced investment portfolio focused on quality companies.
Source: YAHOO