Reported 2 months ago
A recent jobs report for July suggested a cooling labor market, leading to market selloffs and concerns about a potential recession. However, Jason Draho of UBS Global Wealth Management believes that recession risks are low, stating that consumers are still in good shape, and job growth moderation hasn't led to significant increases in initial claims. He observes positive trends for the S&P 500 and tech sector, despite short-term volatility due to investor apprehensions about sluggish growth and the Federal Reserve's policies.
Source: YAHOO