Bad news for the economy is good news for the stock market… as long as it doesn't get too bad

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Bad news is good news, as long as it isn’t too bad.

Stocks rallied sharply after the Labor Department said nonfarm payrolls rose by 150,000 in October — 20,000 fewer than expected.

Friday's market reaction to the jobs report comes down to a simple premise: Bad news is good news, as long as it isn't too bad.— 20,000 fewer than expected but a difference attributable pretty much completely to the auto strikes, which appear to be over. "We've seen one or two head fakes in this direction before, but the fact that this report followed other weaker-than-expected economic data points this week may encourage investors who have been waiting for a less-hawkish Fed," he added.Appeals court rejects Ivanka Trump bid to avoid testifying on a ‘school week' in NY fraud trial

"Investors who are eager for the Fed to be cutting rates should be careful what they wish for," Michael Arone, chief investment strategist at State Street Global Advisors, said in an interview earlier this week.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 270. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bad news for the economy is good news for the stock market... as long as it doesn't get too badBad news is good news, as long as it isn't too bad.
Source: CNBC - 🏆 12. / 72 Read more »