“Davidson” submits:
Equity prices have a long history of rising on positive surprises. Many believe markets to be an ‘efficient’ pricing mechanism of all that is known and unknown. If they believe this, then it is surprising that they are willing to pay more for unexpected positive news.
“Davidson” submits:
For 8yrs part of the conversation has centered around a weak recovery and weak Hourly Wage Growth.
“Davidson” submits:
The US Employment Situation reported today indicated the economic expansion from 2009 continues. The Household Survey Employment level hit a record 153,168,000 individuals employed. The Jobs Openings data of last month forecasted we should have expected higher employment.
“Davidson” submits:
Pessimism is infectious. Disasters are what drives us to listen to news and drives us to media to learn more. We worry that bad things could happen.