As perverse as it may seem, markets can indeed rise amid a sobering week for the nation.
Read MoreJob creation continued to slow in November, as COVID-19 surged throughout the nation. Evidently, stock investors didn’t hear the alarm, as equities went up.
Read MoreAs news emerged early Friday morning that the President and the First Lady tested positive for coronavirus, some investors may have wondered if this was the “October Surprise” they feared.
Read MoreThe economy added a better than expected 225,000 jobs in January and with revisions to the two prior months, the three-month average is 211,000, a strong showing for the eleventh year of an expansion.
Read MoreRemember way back in August, when economists and investors were gnashing their teeth about a looming recession? For the last three months, economic data have mostly improved, underscored by the just-released boffo November jobs report.
Read MoreThe September jobs report rescued what was shaping up to be a tough week for investors. After one measure of U.S. manufacturing fell to a decade low in September and a separate service sector index dropped to a three-year low, the Labor Department reported 136,000 jobs were added in September.
Read MoreWhile many were enjoying an extended break last week, there was good news and bad news on the financial independence front. For the economy, independence from a Federal Reserve rate cut proved to be the right course of action, at least for now.
Read MoreStocks reversed multi-week losses and you can thank Federal Reserve Chairman Jerome Powell. The week began with hand wringing over the potential Mexican tariffs. On Tuesday, Powell announced that the central bank was keeping an eye on trade developments, their impact on the U.S. economy, and would “act as appropriate to sustain the expansion.”
Read MoreThe government reported that the economy added a better than expected 263,000 jobs in April. It was the 103rd straight month of job growth, the longest streak on record. Nearly ten years into the expansion, job creation is 205,000 for the first four months of 2019, just above the monthly amount added since the labor market bottomed out in 2010.
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