Challenger Job Cuts 90.309K in March Vs 84.638K In February
Portfolio Pulse from Charles Gross
The Challenger Job Cuts report indicated an increase in job cuts to 90,309 in March from 84,638 in February.
April 04, 2024 | 11:34 am
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NEGATIVE IMPACT
The increase in job cuts may lead to concerns about economic health, potentially impacting SPY as it reflects the broader market.
Job cuts are often seen as a negative indicator of economic health. As SPY is a broad market ETF, any negative economic indicators can lead to a decrease in investor confidence, potentially driving the price down in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70