Stocks Closed At A Record, Ignoring A Bad Jobs Report
With every other key economic fundamental indicator going strong, the stock market discounted the importance of this morning's sorely disappointing jobs report, figuring it must be a statistical anomaly.
The Standard & Poor's 500 stock index closed today at 4164.66, 1% off its all-time high of 4211.47 set last Thursday. Stocks have continued to break records for months and a market melt-up is possible. Are stocks fairly priced? For the answer, we turn to Jerome Powell, the U.S. Federal…
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