Financial markets are freezing like the scenes in sci-fi movies, jagged lines of frost hissing and crackling across trading floors. On election day the S&P (Standard & Poor) 500 was 2139. By December 20, elated by coming stimulus, tax cuts and regulatory relief, the index reached 2270.
- Friday's job data are contradictory on the surface -- lots of jobs but little gain in wages -- but the purchasing management numbers were hot.
- New data is not remotely soft enough to stop the Fed, or even to slow it.
Let's make 2018 your breakout year!
Join real estate's best to unlock growth at Connect SF, July 17-20, 2018