Wage Growth Slowing, But Stock Prices Should Keep Rising
Now that Tax Day is behind us, stocks should go up, for at least the next couple of weeks for three reasons. First and most important the Fed key strokes $4 billion of phony money into existence each and every trading day. Second, companies keep buying back shares. Third, billions of tax oriented cash flows into stocks after April 15 each year. Combine these three factors and what you get is moremoney chasing fewer shares. In other words, supply and demand says stock prices are going higher for now.
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