Mark Gongloff, Columnist

Why Fidelity Hiring 9,000 People Is a Warning for Stocks

Wall Street is known for hiring at the top and firing at the bottom.

September 1, 2021 at 8:28 PM UTC

Mark Gongloff is a Bloomberg Opinion editor and columnist covering climate change. He previously worked for Fortune.com, the Huffington Post and the Wall Street Journal.

Now hiring.
Photographer: James Leynse/Corbis Historical/Getty Images

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

This is Bloomberg Opinion Today, a symphonic journey through sonic vistas of Bloomberg Opinion’s opinions. Sign up here.

Wall Street can sometimes be this weird Bizarro World where everything is topsy-turvy and good news is bad news. For example, normal humans like it when other humans get jobs. They tweet “OMG CONGRATS!” and click “like” on LinkedIn. But Wall Street humans don’t like it when other humans get jobs. More jobs means less profit and higher wages and more inflation and less money printer go brrr.