Weakness seen in multiple sectors, job openings decline rapidly, indicating potential trouble for labor market.

From Investing.com: 2024-06-05 15:26:00

Recent trends and data suggest that the markets are vulnerable, with Treasury yields dropping significantly in a week. Economic weakness is seen in housing, consumer spending, manufacturing, and the labor market, leading to a defensive stance with decreasing Treasury yields. Job openings have declined rapidly, potentially signaling trouble for the labor market, as well as for U.S. banking system vulnerability. Banks are facing unrealized losses from long-dated bonds. The Fed’s decision to reduce balance sheet reduction may be due to concerns about the banking system. This situation is also impacting small-caps in the market.



Read more at Investing.com: Rising Risks to the Job Market