Why the B.L.S. Regularly Revises Jobs Data
1. Trump's firing of labor chief signals potential instability in economic data.
FAQ
Why Bearish?
Political instability around economic data can lead to investor uncertainty. Similar past situations have caused market sell-offs due to distrust in economic indicators.
How important is it?
Investor confidence can be shaken by perceived manipulation of economic data; thus, this event may impact S&P 500 sectors reliant on economic indicators.
Why Short Term?
Immediate reactions from investors are likely to occur, but long-term effects depend on subsequent actions. Historical examples show that sudden political changes often create short-lived volatility.