Excerpt from Business Insider quoting DataTrek co-founder Nick Colas:
…. “Investors may have reset the clock on their recession expectations after last week’s strong jobs report, but the market’s favorable reaction to the data on Friday shouldn’t discount two warning signals of still-looming risks to stocks, DataTrek said on Monday….
….”We won’t take too much away from one day’s market action, especially on an August Friday, but seeing stocks hold firm after a hot jobs report is genuinely surprising,” DataTrek co-founder Nicholas Colas wrote”….
Full article here on Business Insider.