5/6/2024 ‘Terribly Good News’
Russell E. Towne | May 6, 2024 ‘Terribly Good News’
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 5/6/2024: Towne Wealth Management BLOG:
Terribly Good News
Bad News is Good News and Good News is Bad News was today’s news theme pushing the markets higher, says Quartz 5/03/2024. US New Jobscreated clicked in at 175,000, not… at the anticipated 335,000 number, while employment showed a lowerthan expected 3.9% increase, prompting the markets to surmise that things are cooling in the US economy. On such news, pundits started speculating that two 25 cent increases are forthcoming in 2024, beginning in September. And, as September is historically the most volatile month of the year and that we have a contentious national election coming in November, this should be explosive end to 2024.
Although the Fed has an inflation target of 2% tattooed on the US economy,
many are saying:
this is virtually impossible without opening oil drilling and exploration,
the new norm might not be… too far away….
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Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL