Why This Bad Economic Data Was Good For Stocks

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So, it seems “bad news is good news” again - we’ve seen this cycle a few times in recent years…

Investors have had the chance to digest not-exactly-great economic data several times this week - including today, when the PCE numbers hit the street.

None of that data was positive; we haven’t had a single piece of good economic news all week.

So why aren’t investors headed for the hills? Why aren’t they hunkering down? This is a sign the economy is fading, right?

Well, that is the good news - for stocks at least. Investors are weighing the odds a weakening economy will prompt the Fed to cut rates sooner, rather than later, in 2024, and that’s usually rocket fuel for equities. Sure, the American consumer and the broader economy will get the short end of the stick, but this is all perversely bullish.

Let me explain…

Video Length: 00:13:47


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