FedPolicy
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Stop Blaming the Economy — The Market’s Problem Is Strength, Not Weakness

The market isn’t falling because the economy is weak. It’s falling because it’s too strong. That’s the paradox hitting Wall Street today. January’s jobs report came in hotter than expected — 130,000 new jobs versus roughly 70,000 forecast. Unemployment ticked down to 4.3%. On the surface, that’s solid. But stocks don’t trade on vibes. They…

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