Stocks vs Economy
On the divergence between stocks and the economy. We are up for a bumpy stock ride in the coming months. By Edward Harrison of Credit Writedowns.
Global Macro Monitor had good charts of the jobs report over the Easter weekend. I didn’t report on them because I was away for the weekend. But the first chart’s visual is similar to the one I showed you two weeks ago on job creation. As I said then, the chart looks good for Obama. If the pattern holds, then the chart will be a good one come the general elections in the fall because it will line up better with what people are feeling by that time. I don’t think it will but let’s see what happens. (Full reading here).