I will never understand why some people think the stock market is predictable. Or sane.
This particular downturn seems to have been caused by a jobs report showing that the U.S. added plenty of new jobs this quarter. Oh wait, excuse me, let me rephrase that… The U.S. added plenty of new jobs, but not as many as economists were predicting.
And apparently, that’s enough reason to freak the fuck out and sell all your stock for a lot of investors.
Yeah but unemployment is on the rise lately, the newer numbers look worse than expected. Many in the finance world expect a quarter cut just because of that.
It’s a balancing game and economic indicators aren’t working as great as they used to… so it’s anyone’s guess.
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