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Louis Navellier - Positive GDP Report Trumps "Mixed" Jobs Report

Posted by Michael J. O'Connor | CWS®, Vice President Investments
August 9, 2013


Will the Fed continue the quantitative easing program, and who will replace Ben Bernanke? Louis Navellier answers these questions and more.

"The S&P 500 gained over 1% last week, reaching a new record high of 1709.67. The largest gain came on Thursday, August1, reacting to a number of positive economic indicators, including a surprisingly strong (+1.7%)  second quarter GDP. Eventhough the Friday jobs report was disappointing in terms of new jobs (162,000), the jobless rate fell to 7.4% based on a lowerparticipation rate. Overall, this series of statistics indicates that the Fed will likely maintain its easy money policies for theforeseeable future."

 

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