July 12, 2016
S&P Rises Threaten To Complicate ‘Obama Ruined The Economy’ Theory
The S&P 500 rose to its highest level in history yesterday, closing at 2,137. A much-better-than-expected jobs report on Friday showed the economy adding 287,000 jobs last month. Investors also think that global economic uncertainty due to Brexit means that the Fed is less likely to raise rates again this year, which is good for stock prices. Meanwhile, the rest of the world is still trying to recover from the effects of the 2008 financial crisis… that the US started.
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