Markets Insider on Nostr: Bank of America lays out the perfect scenario for stocks to rally after the May jobs ...

Bank of America lays out the perfect scenario for stocks to rally after the May jobs report
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Bank of America expects the May jobs report to print within the 'Goldilocks range' of 125,000-175,000 new jobs added, which would likely give the Federal Reserve more flexibility to cut interest rates sooner. A reading below 125,000 jobs added could lead to a sell-off and suggest deteriorating economic growth. Bank of America also predicts that a May jobs report above their Goldilocks range would be positive for stock prices and signal stronger economic growth than expected. The report is set to be released on Friday.



https://markets.businessinsider.com/news/stocks/stock-market-this-week-may-jobs-report-playbook-175000-goldilocks-2024-6