Paid
Productivity Revised Up
2 min read
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The stock market marked time again today with the S&P 500 remaining around 4550. The 10-year Treasury bond yield continued to fall today to 4.10%. Apparently, today's economic indicators were deemed to be more bullish for bonds than stocks. Consider the following:
(1) Employment & wages. ADP reported that payrolls rose just 103,000 during November. Job-stayers saw a 5.6% pay increase in November,
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Ed Yardeni