In a recent note to investors, Oppenheimer Chief Investment Strategist John Stoltzfus takes up the issue of COVID-19 and its impact on the markets. He notes that the drop in stocks came along with a strong US jobs data which substantially exceeded expectations, but virtually ignored by the markets.“Economic data released last week in the US tied to job growth, wages and unemployment significantly exceeded economist survey expectations but were paid little attention and disregarded as they were considered to be “in the rearview mirror data points” rather than evidence that the economy is facing the coronavirus packet of uncertainty …read more
Source:: Yahoo Finance
