I saw the following headline put out by Bloomberg the other day. Once again the mainstream media is influencing the narrative and tilting perceptions based on little or no research. Quite frankly, these people work backwards. The market went up, so they have to interpret the data in light of what the market did in order for the story to make sense in their minds. There is no objectivity.
And we wonder why the professionals on Wall St never manage to successfully prevent major market crashes.