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🧠The Weekly Scoop
Explaining every trend affecting your job, home, and investments
Augustus Christensen & Scoops Team
February 16, 2024
Hey friend - enjoy the long weekend. We’ll be back with your scoops on Tuesday.
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Here’s what you need to know this week.…
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The stock market hitting new all-time highs this week further demonstrated the growing disconnect between Wall Street and the real economy. For the past year, the narrative for stocks has been to celebrate signs of an economic slowdown because that could mean lower inflation, lower borrowing costs, and less restrictive monetary policy. It’s time to give that story up.
Investors keep celebrating resilience like it’s a rebound. We must pay attention to the bad economic data because we’re past a slowdown.
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