06.06.2016 - The probability of correction of the US markets remains high

American stock indexes are at levels close to all-time highs, and to continue the upward dynamics are needed new incentives. It is worth noting that the recent publication of statistics on the labor market in the US pointed to a weakening impulse and has a negative effect on investors' expectations regarding the growth prospects of the stock markets in the United States. Thus, the number of non-farm payrolls has grown by only 38 thousand. On the other hand, the labor force decreased by 664 thousand in May, which has led to a drop in unemployment to 4.7% against 5.0% in April. Given the reduction in profits of US corporations in the 1st quarter of this year, the probability of correction on commodity markets and deteriorating macroeconomic indicators, we expect a drop in local indexes by 10-15% within the correction.

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