Higher inflation won’t cause the Fed to hike rates, in fact It’s more likely to cut them, while real wage growth fell, yet consumers are still confident

Stock based compensation as a percentage of revenues should be reviewed if you are looking at the adjusted earnings of a tech/growth firm.

Job openings were lowest since December 2017, and had the largest negative surprise ever, while the Fed will continue to support the labor market (dovish).

If not for the coronavirus, the dominant discussion on Wall Street would be on the cyclical turnaround as consumers are very confident (too confident?).

April 2018 to March 2019 job creation was revised lower by 514,000 allowing the record long streak of positive job creation to barely continue.

Consumers aren’t worried about the economy even thought the Challenger jobs cuts report spiked in Jaunary and is out of sync with most economic data.

The ISM non-manufacturing PMI increased helping the narrative of economic growth, however the BLS report will probably show lower job creation.

This article discusses consumer financial health, housing affordability, coronavirus impact on markets, plus primary and election probabilities.

The manufacturing sector is probably turning around positively, but that far from guarantees future stock returns will be great.

If you want to understand why inequality is an issue in the 2020 election, look at the savings rate by wealth and the stock ownership of the bottom 50%.