Why the jobs report could tank the stock market, according to a big Wall Street bear

Why the jobs report could tank the stock market, according to a big Wall Street bear

The July jobs report was so out-of-the-blue hot on Friday — coming in at more than double expectations — that it may spur the Federal Reserve to be way more aggressive on interest rate hikes than market goers thought just one day earlier.

If so, would that set the table for a potential swift downdraft in stocks?

“I think it does at the S&P level for the index,” Wall Street’s biggest bear strategist Mike Wilson of Morgan Stanley told Yahoo Finance (video above) when asked if on if the jobs…


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