Cliff Notes - Good News Bad News
August 14, 2020
After last week’s job release I performed a little research. First, I went to FoxNew’s website to see the fresh headline shout “Blow Out Jobs Numbers.” Then I went to CNN’s site to see a more-dour “Employment STILL a Disaster.” The truth was somewhere in the middle, but a clear indication of the virulently partisan world we live in today.
Although US fiscal stimulus negotiations soured last week, equities continued their trajectory upward. Stronger-than-expected Q2 earnings, continued tech sector momentum, vaccine hopes, lower jobless claims, and a better-than-expected July jobs report helped the S&P 500 rise 2.49% higher last week.
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