Roaring Twenties: Stocks Hit Another Record Despite Trouble Brewing in the Labor Market

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It may take more than a much-weak­er-than-expect­ed April jobs report to kill the U.S. stock mar­ket ral­ly, ana­lysts said, though the pop­u­lar refla­tion trade — bets that stocks more sen­si­tive to the eco­nom­ic cycle will out­per­form their peers — saw a mod­est set­back on Fri­day. “The mar­ket is ral­ly­ing as the dis­ap­point­ment leaves the door open for the Fed to keep finan­cial con­di­tions easy for longer and delays the taper­ing and rate-hik­ing con­ver­sa­tions for the time being,” said Cliff Hodge, chief invest­ment offi­cer at Cor­ner­stone Wealth.

Sim­ply put, it’s a case of bad news on the econ­o­my trans­lat­ing into good …


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