Like an episode of Stranger Things, stock markets appear to be in the upside down world. A world where bad news can be good news and good news can be bad news. On Friday, the Labor Department reported that the unemployment rate fell to 3.5% and the U.S. economy added 263,000 jobs (more than expected) in September. One would think this is good news, but it can become bad news if it gives the Federal Reserve more confidence that it can raise interest rates even more and keep a relatively strong labor market.
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Commentaries are published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.
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