Sage Advice Quarterly Market Review 2Q2004

The “good news is bad news” syndrome has returned to the financial markets in spades. On the surface, it’s hard not to like the bulk of the reports emanating from Washington’s data mills in recent weeks. Beginning with the eye-popping employment report on May 6, which showed another larger-than-expected jump of 288,000 jobs in April, as well as upward revision to the previous strong March employment report. The statistical parade continues to paint a picture of unambiguous strength. That’s quite a turnabout from the general perception prevailing a few months ago. As the new year got underway, many forecasters were fearful that the muscular growth registered over the second half of last year would sputter for a variety of reasons.

  • DATE: June 30, 2004

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