I’ve been saying we needed something too good or too scary to move the stock market with more momentum. Well, it looks like we have something. However, no one is sure what it is!
No, it wasn’t a very poor jobs report, which says the US recovery can’t be trusted, nor is it the phony excuse about weather hurting economic data.
Nor was it a too good jobs report, that says tapering ends more quickly than expected and therefore interest rate rises are closer than most thought.