JPMorgan Chase: Non farm payroll data must be 'just right' for the stock market to continue rising

According to BlockBeats, on February 7th, JPMorgan Chase stated that the US non farm payroll data to be released tonight at 21:30 must be just right - neither too hot nor too cold - in order for the US stock market to continue rising. The trading department led by Andrew Taylor stated that if the number of new jobs is less than 150000, the stock market will decline, and if the number of new jobs exceeds 230000, it will also put pressure on the stock market as it will increase the bet that the Federal Reserve will have to raise interest rates. The trading department stated that in a pessimistic scenario, "the risk is that the job market is cooling faster than expected, which will drag down spending." Its forecast predicts that numbers as low as 110000 will cause the S&P 500 index to fall by 1.5%, as this indicates that concerns surrounding global trade are affecting the US economy at a faster pace than expected. (Golden Ten)