As the Labor Day holiday ended, so did the stock market's holiday from underlying economic trends. Last week, the stock market was all about “better than expected.� On the first day this new week, however, the market was all about “worse than hoped.�
Last week, for example, the stock market celebrated a loss of 54,000 jobs in August because the private sector added 67,000 jobs. Interpretation: the private sector is recovering. Earlier in the week, some “better than expected� reports on manufacturing and consumer sentiment inspired investors to add a few hundred points to the Dow Jones Industrial Average.
How to be a Successful Investor in an Immutable Marketplace
As the Labor Day holiday ended, so did the stock market's holiday from underlying economic trends. Last week, the stock market was all about “better than expected.� On the first day this new week, however, the market was all about “worse than hoped.�
Last week, for example, the stock market celebrated a loss of 54,000 jobs in August because the private sector added 67,000 jobs. Interpretation: the private sector is recovering. Earlier in the week, some “better than expected� reports on manufacturing and consumer sentiment inspired investors to add a few hundred points to the Dow Jones Industrial Average.
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