A Fresh Perspective on Why Stock Market Continues to Defy News :: The Market Oracle ::
Why a "disappointing" jobs report did not send stock prices lower Many market observers assume that the news is the main factor in governing the stock market's trend. Yet, Elliott Wave International has shown time and again that there's simply no evidence to support this widespread assumption. Consider the big economic news on Friday, Dec. 4 (Marketwatch): 'Job growth has seriously slowed' The November jobs report on Friday showed the coronavirus-battered U.S. economy regained 245,000 jobs last month. ... Economists polled by MarketWatch had expected a gain of 432,000 jobs. ... As you might ...