Stocks posted their 2nd consecutive weekly gain today as a strong jobs report boosted investor sentiment. The S&P 500 was up 2% for the week, for its longest winning streak since October 2017.
Stocks posted their second consecutive weekly rise on Friday as investor sentiment was boosted by better-than-expected jobs data and progress on the U.S.-China trade front.
"It's such a comfortable place to be in as an investor," said Jason Thomas, chief economist at AssetMark."The unemployment rate is low, so that's going to keep consumer confidence high, but it's not so low that wages are growing quickly. From the shareholder's perspective, margins are expected to remain high."
"This number is right in the middle. It is not one of those huge beats and it's not disappointing," said Lindsay Bernum, head of macro at Smith Capital."It really aligns with our view that the foundation of the U.S. is intact. We are not growing at the same pace as last year, but we're not out of the game."
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