Are we back to bad economic news is good stock market news…
In the news:
Meanwhile the New York Fed estimates are catching down to our below 1% GDP calls:
If bad economic news sending the stock market soaring does NOT make sense to you, then you are trying to think rationally. It makes perfect sense when you consider how distorted our monetary and fiscal policies are.
But knee jerk reactions do not foretell long-term future returns in the stock market. We need to look at all the leading indicators of the stock market to know if this rally has legs or is a head fake.
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