It may take more than a much-weaker-than-expected April jobs report to kill the U.S. stock market rally, analysts said, though the popular reflation trade — bets that stocks more sensitive to the economic cycle will outperform their peers — saw a modest setback on Friday.
“The market is rallying as the disappointment leaves the door open for the Fed to keep financial conditions easy for longer and delays the tapering and rate-hiking conversations for the time being,” said Cliff Hodge, chief investment officer at Cornerstone Wealth.
Simply put, it’s a case of bad news on the economy translating into good news for stocks.
The U.S. economy created just 266,000 jobs in April, the Labor Department reported, far short of the consensus forecast for a rise of 1 million. The unemployment rate also rose to 6.1%
http://www.investmentwatchblog.com/roaring-twenties-stocks-hit-another-record-despite-trouble-brewing-in-the-labor-market-east-bay-houses-are-selling-for-more-than-1m-over-asking-price/
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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