The Economic Recovery Turns Five

Today is the final trading day of the second quarter, and by extension, the first half of the year. The U.S. economic recovery officially turns five years old today. On this day in 2009, the S&P 500 closed at 919.32.

Today is mostly a quiet day on Wall Street. I suspect that a lot of the bigwigs have already taken off on vacation. But with the turn of the month, there will be several important economic reports this week. Tomorrow is ISM and the real biggie will be this Thursday’s jobs report.

I suspect that the monthly jobs report has lost a bit of its importance lately because the Fed’s game plan seems so clear. I can’t be positive but it feels like the Fed minutes have risen in importance while jobs day and Fed meetings have fallen.

Posted by on June 30th, 2014 at 10:23 am

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