Weekly Market Analysis

Via Nova’s take on the May jobs report.

Via Nova’s take on the May jobs report.

The bottom line is that we should feel better about the economic outlook, but not great.  Via Nova’s take on the May jobs report is that the news was unequivocally good, and the report may suggest that the economic low is in place.  However, the stock market rally leading up to and following the report may reflect excessive optimism on the pace and breadth of the recovery. 

VIA NOVA UPDATE: Lots of election excitement but few surprises.

VIA NOVA UPDATE: Lots of election excitement but few surprises.

Via Nova expects rancor to rule following the midterm elections.  The completion of the midterm elections combined with continued strong earnings reports and steady Federal Reserve policy helped lift the S&P 500 for a second consecutive week.