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Stock Doomsayers Hushed by Latest Signs of Economic Strength

  • Data show strong services sector, rebound in confidence
  • Earnings projections may be too conservative, says JPMorgan
Consumer spending, the biggest part of the U.S. economy, is rebounding
Updated on

What is making stocks so turbulent lately? The trade war is half of it -- the bad half -- while on the other side are signs that should the economy be left to its own devices, the tidings for bulls get rather tempting.

It may be difficult to recall, but it’s a case premised on stimulus, consumer demand, bond-adjusted valuations and even earnings.