Divide up the factors that impact markets and you’ll generally find three distinct categories: the long-term secular trends, the shorter cyclical trends, and the unexpected black swan events. Sometimes, it’s clear what is going on; after a steep drop in the last week of February, markets are bouncing up and down in response to the coronavirus epidemic – a classic black swan event. And last week, the Bureau of Labor Statistics monthly jobs report showed that the US economy and labor market are still going strong, continuing a decade-long expansion that some see as a secular trend.Investment bank J.P. Morgan …read more
Source:: Yahoo Finance
