Toro
Diamond Member
Not sure where you have seen that. I'm seeing lower:Yes stocks were doing great, and then Trump policies started taking effect...It's below where it was when the year started. Market was doing great till Trump started with his policies...It’s 3-4% below its all-time high.
The S&P 500 is up about 3% this year.
Stocks are up nearly 40% since Trump was elected.
Wages are stagnant.
Incorrect.
Wages have been rising about 3% after inflation.
Companies Can't Hold the Line on U.S. Wages Much Longer
The April jobs report revealed that wage growth remains tepid, rising just 2.6 percent from a year earlier.
Using headline measures of the consumer price index, the news is even more disappointing, with average real wages up just 0.2 percent from a year ago. Real wage growth in this range would be well below productivity gains, which have averaged 1.3 percent the past four quarters, and inconsistent with the lowest unemployment rate since 2000. Nevertheless, I expect wages to rise in line with inflation, keeping growth in real wages in a 1 percent to 1.5 percent range. That’s anemic, but consistent with conditions just prior to the last recession.
I stand corrected.