Stocks shrug off payroll worries
|Stocks rebound after Friday’s slump
It really looks like everyone spent the weekend reassessing their view on Friday’s payrolls and deciding that, actually, things weren’t as bad as feared. Those hoping for a continuation of the Thursday-Friday slump have been disappointed; the selling seemed to run out of steam on Friday and has been replaced with a recovery that has recouped most of Friday’s losses.
Is this 2017 all over again?
2025 began in a volatile fashion, and this intensified around ‘Liberation Day’. But since then investors have once again been treated to a demonstration of market resilience, with last week’s 48-hour slump marking the latest bump in the road for the rally. The last few months have increasingly resembled 2017, which saw a relentless grind higher, though volatility did return with a vengeance the following year.
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