Commentary
Many of you may have noticed a recent trend whereby good economic news causes the stock market to fall. Theoretically, higher than expected gross domestic product (GDP), or lower than expected unemployment, would be good for the economy, corporate earnings, and the stock market. During normal times, and over the long run, that’s true. Recently, though, we’ve seen the opposite. So today I’m going to explain why the market has been moving in counterintuitive ways when we get important economic news.
