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04 August
Why weak jobs data means investors should cut back bets on big U.S. tech names

The Fed cutting rates tends to see the equal-weighted S&P 500 outperform, says Jefferies

Some strategists are continuing to fly the flag for stocks
Some strategists are continuing to fly the flag for stocks Photo: angela weiss/Agence France-Presse/Getty Images

Futures early Monday suggest U.S. stocks will recover a portion of the previous session’s chunky fall. The S&P 500’s SPX 1.6% retreat on Friday, coming in the wake of soft jobs data and a resurgence of tariff angst, was its biggest percentage decline since May 21, and sparked concerns that further weakness was on the cards.

But many of the market’s more bullish observers remain optimistic, despite the chance, some warn, of short-term difficulties.