Goldman Sachs Trader: Beware of Economic Data That May Threaten the Rise of US Stocks

ChainCatcher news, according to Jinshi reports, a macro trader from Goldman Sachs stated that investors need to remain vigilant in the next 12 months to identify which economic data may pose a threat to this record-breaking stock market rally. Paul Chavonne pointed out that employment market data will play a key role in warning about economic cracks. He mentioned that data from the New York Fed shows that although the probability of unemployment is low, the probability of workers finding new jobs is only 45%, the lowest in history. The S&P 500 index reached a new all-time high on Wednesday, but the U.S. labor market and fiscal spending have raised caution in the market.