He also points to unemployment claims last week coming in below 200,000 — the “lowest since 1969 NOT adjusted for the rise in the population.”
Payrolls increased by 178,000 in March.
Corporate profits remain strong, which is why stocks keep setting records.
They’re also a forward-looking indicator of good stuff to come.
That’s not to say the glass-half-empty crowd don’t have their talking points.
Inflation just clocked in at 3.5%, and 3.2% when you take out volatile stuff like energy and food.
Joe Biden’s spending and Jerome Powell’s feckless monetary policy sparked a historic inflation surge that has moderated but has still left prices elevated.
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