Stimulus Fades: Market and Wage Strength

stimulus fades: The consumer is really healthy and that's key to the U.S. economy, Aaron Clark, portfolio manager at GW&K Investment Management told Market Watch, according to Market Watch. There's strong job growth, wealth creation with stocks and real estate, and broad-based wage strength, making this one of the better environments for the consumer in a long time. As corporate tax-cut stimulus fades and the market continues to digest higher interest rates imposed last year, persistent job growth and wage gains are key to sustaining the current market rally, and pushing the S&P 500 SPX, 0.37% and Nasdaq Composite Index COMP, 0.08% above all-time highs notched in April, investors and strategists said. Over the past three months, the U.S. economy created 169,000 jobs a month, on average. Federal Reserve Bank of St. While that number has trended down since January, it is still high enough to put downward pressure on the unemployment rate, and theoretically keep wage growth trending higher. (news.financializer.com). As reported in the news.