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Weekly Market Update: Bad Jobs Data Just Gave Stocks Their Best Week
['Wealth Insights', 'Beansprout', 'August', 'The Smart Investor', 'Dr Wealth']
TheFinance.sg
📊 What’s HappeningHere’s a sentence that shouldn’t work, but somehow did this week: the US economy lost jobs, wage growth slowed, and stocks threw their biggest party since April.
The Nasdaq had its best week in months.
If you’re new to investing and think “bad news, good market” sounds backwards, you’re right to be suspicious.
The US economy shed 23,000 jobs in July.
On top of that, the government quietly cut its estimates for May and June by a...