Hot Job Data Squashes Equity Markets
Tim Mulholland, President, TJM Limited
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The recent job numbers from the US has thrown a spanner in the works for equity markets. This may lead to more rate hikes from the Fed Funds and lead to a higher terminal rate. Also is the retail participation in the US stock market still buoyant which may lead to more Meme stocks in play? For insights, we speak to Tim Mulholland, President, TJM Limited, in Chicago.
Image credit: Shutterstock
Produced by: Michael Gong
Presented by: Wong Shou Ning, Shazana Mokhtar, Chong Tjen San
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Tags: us-china tensions, us payroll, federal reserve,