Goldman Sachs Trader: Beware of Economic Data That May Threaten the Rise of U.S. 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 despite a low probability of unemployment, the probability of workers finding new jobs is only 45%, a historical low. The S&P 500 index hit a new all-time high on Wednesday, but the U.S. labor market and fiscal spending have triggered a cautious attitude in the market.