InvestorQ : What has taken Wall Street to such all-time highs in this uncertain scenario?
sarah Leo made post

What has taken Wall Street to such all-time highs in this uncertain scenario?

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Rashi Mehra answered.
5 months ago
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Actually, if you look at it, Wall Street is in a very sweet spot and here is why. Non-farm payrolls increased by 850,000 jobs in Jun-21, but total jobs at 6.8 million is still below Feb-20 levels. In short, the labour shortage is easing but not fast enough to justify rate hikes. You can say that there are enough jobs to make the US economy look healthy, but not so much to worry the Fed about hiking rates. That is why the US markets are at a new high.

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