Do Stock Market Numbers Really Matter?
The last “all time high” in the S & P 500 (2,873) was struck just over six months ago, on January 26th. Since then, it has been down roughly 10% on three different occasions, with no shortage of “volatility”, and an abundance of expert explanations for this nagging weakness in the face of incredibly strong economic numbers. GDP is up, unemployment down; income tax rates lower, unfilled job numbers rising… The economy is so strong that, since April, it has become stable to upward in the very face of higher interest rates and an imminent trade war. Go figure! But…