Introduction

Strong jobs numbers came as a relief to many who feared that the us. Economy was quickly sliding into recession. However, there is a remarkable disconnected day between strong job growth and weakening final demand. It's important not to infer general economic strength from the resilience of the job market. Most of all, investors should try to maintain a long term focus on valuations when the current very unusual business cycle fades in favor of a more stable, although slow growth path.