| The investment community was anxiously awaiting Friday’s employment report. Would it show a pickup in hiring in January, making December’s abysmal numbers seem like an aberration? Or would it confirm a pattern of weakness? Unfortunately for the U.S. economy, it was the latter.
Almost immediately, equity prices shot up on the assumption that the data would cause the Federal Reserve to re-assess the strategy of tapering its monthly bond-buying program. It’s the old belief that bad news for the economy is good news for stocks, which represents a fundamental disconnect between Main Street and Wall Street...............................................Full Article: Source
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