FT: “Wall Street stocks start the week higher as traders assess rate rise outlook”By admin_45 in IN THE NEWS
Except from the Financial Times quoting DataTrek co-founder Nick Colas:
.... "Seeing stocks hold firm after a hot jobs report is genuinely surprising,” wrote Nicholas Colas, co-founder of DataTrek Research, who cautioned against attributing too much importance to stocks’ resilience. “To our thinking, the idea that investors must reset their expected timing of a Fed-induced recession best explains this unexpected action"....
Full article here on the FT.