Posted on 04/28/2016 12:33:06 PM PDT by John W
U.S. stocks bounced off session lows on Thursday, but the Dow Jones Industrial Average remained below 18,000-mark after data showed the U.S. economy grew at its slowest pace in two years during the first quarter.
Tepid gross domestic product data in the first quarter has prompted investors to reassess whether the market’s current valuation is warranted given muted earnings and slower growth, said Bruce McCain, chief investment strategist at Key Private Bank.
“The retreat reflects uncertainties among investor on whether the fundamentals support what they are paying for stocks,” he said.
Still, the market is not tanking as much as it should, as there are bright spots in the economy, according to Brad McMillan, chief investment officer for Commonwealth Financial Network.
“The actual news is better than the headline. Consumption spending, for example, beat expectations, so the core of the economy is actually doing better than expected,” he said. “This is helping to support [the market] against the nasty surprise from the Bank of Japan, which disappointed investors by not increasing stimulus.”
(Excerpt) Read more at marketwatch.com ...
Cruz’s fault!
Quick! Print more money!
Everything is relative, don’t you know?
The first President to have GDP under 3%
Lowest Home ownership
Levels near great depression levels- 90 years ago for business investment....
The Market should be cratering
Anybody that would vote for a Democrat who will continue economic policies like this
Oil should be plummeting as well but it continues to rise hoping there is more demand
VOTE TRUMP and END THE MADNESS!
Freegards
LEX
The market will crater when an R is in Whitehouse.
Who is R?
Republican.
Really. What the heck is the stock market doing at over 18,000, anyway? The past few years, it’s been more of a misery index for the US worker than anything else.
Cost of funds.
I have no skin in the market, my funds are invested elsewhere. But, IMHO, the market has gotten way, way ahead of itself.
When the Chinese economy grows by 6.5%, analysts proclaim the end of the world is upon us. But when the U.S. economy grows by only a meager .5%, as it did during the last quarter, the same analysts simply shrug and try to find something nice to say about consumer spending or whatever.
If China in its supposed economic misery keeps growing 13% faster than the stagnant U.S., China will soon rule the world and the U.S. dollar will collapse. Time to buy gold.
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