The White House economic advisor Hasset is saying: expects 3 1/2 to 4 million jobs to be added to the economy in June Even if the recovery in data continues, there will still need to be more stimulus to the economy expects another stimulus package by August Where is my strong, strong buy button?
Wait wait wait wait... Added???? The 3.5-4 million jobs are just those off and coming back on after a quick unemployment break. Added sounds to impressive, like jobs that are being created out of thin air. These jobs aren't being created they are jobs that people are going back to after being temporarily laid off. And that stimulus package yep, everyone is anticipating that one. More checks and more trillions to prop up the already hot economy. Wonder if the fed will raise rates 2 times by end of the year ...hahaha wait that was just a joke. Never going to happen..
Market likely to JUMP... "Jobs coming back... economy recovering... WHOO-HOO". Likely won't mean as much as hoped. (Won't prevent market from "over-celebrating", however.)
You should have learned meanwhile that the guy in the White House lives in an "alternative fact" world!