The Steele Group’s Feb 2018 Market Update

Market Graphic (146 x 70)On Friday we saw a large drop of 2.12% on the S&P 500, 1.61% on the TSX and 2.54% on the Dow Jones. This was a reaction due to stronger than expected employment numbers from the US job report, meaning that the unemployment rate in the US is lower and more importantly lower than expected, which is a great thing. But when there is any unexpected news the market reacts positively or negatively – in this case it was negative.

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