Navellier & Associates - Jobs and the Economy Reflect Modest Growth

Posted by WrapManager's Investment Policy Committee
June 11, 2013

Louis Navellier looks at the most recent jobs report and the value of the dollar, which has finally fallen after rising too far, too fast.

"The S&P 500 fell 2.9% from Tuesday to Thursday morning last week before recovering to post a modest 0.8% gain for the week. The market liked the Friday jobs report, even though it was merely “OK” (with 175,000 new jobs). It was a “Goldilocks” figure, according to analysts – neither too hot nor too cold – but the good news for stock market investors is that this and many other signs of slower economic growth will likely encourage the Fed to continue its policy of quantitative easing for the time being."

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Navellier & Associates - Jobs and the Economy Reflect Modest Growth

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