Markets React To Less Than Stellar Jobs Data; Consumers Are Driving On Empty
NVDANvidia(NVDA) Forbes·2024-09-08 01:20

The equity market appears to have succumbed to the growing list of weakening economic data. The major stock indexes fell significantly this week, including on Friday in the wake of the August jobs report.Equity MarketsUniversal Value AdvisorsTrader sentiment has now shifted from buying small caps to selling them (note the Russell 2000 fell nearly -6% this week). Small caps are the last to be bought in a market run-up, and the first to be sold as sentiment shifts from “risk on” to “risk off.” But small caps ...