The fact that stocks continue rising even amid uneven economic data suggests the upward trajectory in markets is level-headed, for now.
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."The most likely path to reflation, in our view, is through fiscal spending on housing," said Larry Hu, chief China economist at Macquarie.in September, down from 105.6 in August. September's figure comes in lower than the Dow Jones consensus forecast of 104 and is the biggest month-on-month drop in three years. Respondents saying jobs were"hard to get" rose to 18.3% from 16.8%.in 2029 from 102.
While inflation appears to be mostly tamed, at least by the measure of most Fed officials, Dimon thinks the economy might be dragged down because"geopolitics is getting worse … there is chance for accidents in energy supply."Perhaps some downbeat data and stern reminders about potential risks consoled investors that the recent highs of stock indexes were not driven by irrational exuberance. It's hard to prove this, of course.
But the fact that stocks continue rising even amid uneven economic data suggests the upward trajectory in markets is level-headed, for now. As Evercore ISI senior managing director Julian Emanuel pointed out,"We would be more concerned if we started hearing everything's great everything's roses."
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