![]() Jobs are a lagging economic indicator, but in an equity bull run good numbers only further fuel buying. January job gains were little changed at 312,000. The increase in jobs in February was revised up to 33,000 from 20,000. The increase exceeded the 179,000 forecast of economists. created 196,000 new jobs last month after a swoon in February. The macroeconomic news this week was highlighted by the Non-Farm Payrolls Report which showed that the U.S. ![]() The more investors fall into disbelief over how long this V-shaped recovery is persisting, the higher the trading algos seem to want to push equity prices. indexes about 2% from all-time record highs. This past Friday close brought the major U.S. As soon as the date of the summit between Trump and Chinese president Xi Jinping is announced, we’ll begin the countdown to the end of the “Trade War rally”. ![]() The White House said on Friday after three days of trade talks with Chinese officials in Washington that the negotiations made progress on numerous key issues but significant work remains. ![]() Markets continued to rally this past week in a “buy the rumour” anticipation of an announcement of a U.S.-China trade deal. ![]()
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