Market news
22.06.2021, 09:03

Good data is now bad news for US stock markets – Charles Schwab

FXStreet reports that economists at Charles Schwab said that it is possible that good data could be interpreted as bad news for the US stock market at least in the near-term as strong economic data, especially on jobs, could prompt the Fed to unwind earlier. 

“Now, strong data may suggest tighter policy is forthcoming and weigh on stocks as investors begin to expect an eventual downturn. We believe that the US economy can withstand tighter monetary policy and continue to produce solid growth after achieving ‘escape velocity’ and may no longer need the boost from the Fed’s extraordinary stimulus. But, in the near-term, it is possible that good data could be interpreted as bad news for the US stock market should strong economic data – especially on jobs – prompt the Fed to unwind earlier and faster.”

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