Originally posted on Reuters.com.
Nancy Tengler, Chief Investment Officer, comments on the market’s resiliency given the weak employment numbers.
Markets mixed as macro fears compete with earnings gold (Source)
Snippet from article:
“The market is surprisingly resilient given the weak ADP numbers and a bond market apparently signaling slower growth ahead.”Nancy Tengler, chief investment officer of Nashville-based asset manager Laffer Tengler Investments.
Tengler pointed to the positive growth indicators from manufacturing inventories and demand for services, but cited concern over COVID-19 in China and related economic slowdowns.
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