The Senior Strategist: Market Overly Optimistic

Friday's important job report in the US hit a sweet spot for risk seeking investors. The data was sufficiently good not to generate fear of a solid real economic setback, and moreover sufficiently bad so that the Fed is not expected to hike its rates at its interest rate meeting on 21 September. Optimism in the financial markets gained momentum, but Jyske Banks Senior Strategist, Ib Fredslund Madsen, still believes the optimism is based on a weak foundation.